Home / Business and Economy / Qantas Airways Sells Jetstar Japan Stake for 8.2 Billion Yen
Qantas Airways Sells Jetstar Japan Stake for 8.2 Billion Yen
4 Aug
Summary
- Qantas Airways divests its 33.32% holding in Jetstar Japan.
- The transaction is valued at 8.2 billion yen.
- The sale was executed via a share buyback transaction.
Qantas Airways has completed the sale of its 33.32% stake in the low-cost carrier Jetstar Japan. The Australian airline confirmed on Tuesday that the divestment was executed through a share buyback transaction. This deal is valued at 8.2 billion yen, approximately $52.11 million USD.
This strategic decision allows Qantas to refine its portfolio. The transaction's conclusion marks a significant financial move for the company. Further details regarding the impact on Qantas's ongoing operations were not immediately available.
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