Jetstar’s Australian operation is wholly owned by Qantas but is managed separately and operates independently. The headquarters are in Melbourne Australia. Jetstar’s intra Asian operation is a Singapore-based partnership between Qantas (49%), local businessmen Tony Chew (22%) and FF Wong (10%) and Temasek Holdings (19%) with the hub based in Singapore
Pigs will fly when Jetstar can be said to 'operate independently' of Qantas, or anyone else for that matter. Were it not for the extraordinary support of Qantas, Jetstar and Jetstar Asia would have bitten the dust long ago.