Moa and the Jetstar/QF media arm:
Vietnam Airlines has announced its intention to take over low cost carrier, Jetstar Pacifiic. The National Carrier, Vietnam Airlines is expanding internationally and the take over of Jetstar will increase its share of the Vietnamese domestic market to over 90%. Jetstar has been operating domestic scheduled services for 7 years and the competition with government owned Vietnam Airlines has forced changes in the way that domestic flights have been priced. The new company will see the exit of Australian carrier as a significant shareholder. Jetstar currently operates a mixed fleet of Airbus A320 and Boeing 737-400 aircraft, it is not yet clear what aircraft will be used post the tale-over.
Yep, sound investment BGA... Kudos and apologies for suggesting otherwise.
PS: Vietnam Airlines IS the Vietnam Govt. Just in case you didn't know....
And .....
TWO Qantas executives at the centre of an investigation into multimillion-dollar fuel-hedging losses in Vietnam have been allowed to return to Australia.
Jetstar Pacific's former chief operating officer, Daniela Marsilli, and its former chief financial officer, Tristan Freeman, flew back to Sydney yesterday, more than six months after Vietnamese authorities detained them shortly before they were to travel with their families to Australia for Christmas.
The pair were barred from leaving Vietnam while authorities investigated $US31 million ($36.5 million) in fuel-hedging losses in 2008 at the Vietnamese arm of Qantas's no-frills brand, Jetstar Pacific.
Qantas said yesterday that the executives were allowed to leave after the investigation was ''terminated''.
More great work in evidence with that...
'Have been allowed to leave' Love that bit!!!
How much did BGA pay to 'allow them to leave'???