Qantas and Japan Airlines injecting additional funds into Jetstar Japan

[SYDNEY] Qantas Airways Ltd and Japan Airlines Co Ltd will inject A$114 million (US$97 million) into Jetstar Japan to bolster its growth as it prepares to start international flights next year, Qantas said in a statement.

The funding boost will take the form of non-voting shares over two investment tranches and will be equally shared by the two airlines. "This investment will support Jetstar Japan's growth including the launch of international operations in early 2015, enabling the airline to capitalise on the significant potential of the low-cost carrier market in the world's third-largest economy," Qantas said.

REUTERS