Originally Posted by Ndicho Moja
If you believe the Singaporean and Australian aviation press writers, then you will know that Qantas owns about 49% and Tamasek 51% of Jetstar Asia. Tamasek own a major portion (if not all) of Singapore Airlines, who, in turn, own a major(?) portion of Tiger Airways. Singapore Airlines are into SilkAir as well. Which pot is calling whose kettle....you know the saying.
The management of Tiger Airways went out of their way, yesterday, to say that Tiger intentionally does not ply the same routes as the major carriers(SIA,Cathay etc.). Where as JetStar does. As a result Tiger appears to be steaming ahead with new routes and aircraft orders, whereas JetStar Asia is marking time and has contracted the size of its fleet and pilot numbers.
Recently the Management of Tiger was quoted in the Singapore press (paraphrase here), that if JetStar Asia are having troubles and there are any routes that JetStar Asia wished to relinquish, then Tiger Airways was ready to take over those routes.(Mischievious, in this writer's opinion).
So, after all that, I think that JetStar is absolutely no threat to Tiger and Tiger management are making a noise for the sake of it and again being mischievious. I do feel that aligning JetStar, JetStar Asia, Qantas and JetStar International will be a massive life line for JetStar Asia.
Suggest you do a little bit more fact checking. Temasek Holdings owns 19% of Jetstar Asia, QF owns 49.9% and two investor own the remaining 32%.
Temasek holdings owns 56.46% while the remaining shares are owned by various investors.
Major Shareholders
(as at 31 Mar 2006) Number of shares %
1 Temasek Holdings (Pte) Ltd 691,451,172 56.46
2 DBS Nominees (Pte) Ltd 145,996,202 11.92
3 HSBC (Singapore) Noms Pte Ltd 93,069,258 7.60
4 DBSN Services Pte Ltd 69,049,417 5.64
5 Citibank Nominees (Singapore) Pte Ltd 45,685,313 3.73
6 Raffles Nominees Pte Ltd 28,644,529 2.34
7 United Overseas Bank Nominees 20,658,408 1.69
8 Morgan Stanley Asia (Singapore) 4,901,887 0.40
9 Chang Shyh Jin 4,208,000 0.34
10 Merrill Lynch (Singapore) Pte Ltd 3,650,426 0.30
Total 1,107,314,612 90.41