Jetstar Japan plans two bases in budget-carrier push

20-Apr-2012 Intellasia | Bloomberg | 7:05 AM Print This Post

Jetstar Japan Co., the budget carrier backed by Qantas Airways Ltd (QAN) and Japan Airlines Co., said it plans to operate two bases in the country as it prepares to start flights on July 3.

The carrier’s initial hub in Tokyo’s Narita Airport will “soon” be followed by one in Osaka, Chief Executive Officer Miyuki Suzuki told reporters in Tokyo today. Destinations from Osaka’s Kansai airport will include Sapporo and Fukuoka, she said.

Jetstar Japan also said it will sell 10,000 tickets for 1 yen (1 cent) each as it competes with two other budget carriers starting flights in the country this year. The airline has said budget carriers may about triple their share of Japanese air travel to 35 percent by 2020.

The new carrier will compete with two new budget airlines backed by All Nippon Airways Co. – Peach Aviation Ltd and AirAsia (AIRA) Japan Co. – and Skymark Airlines Inc. (9204), the biggest existing low-fare airline.

Jetstar Japan cabin attendants smile together with Japanese actress and the company's campaign girl Becky (R) during an announcement of the price for the airline's domestic service as 1 yen (1.2 cents) and regular prices between Osaka and Fukuoka for 3,590 yen (44 USD) at a press conference in Tokyo on April 17, 2012. Jetstar Japan, an affiliation of Japan Airlines and the Jetstar Group, will start operations for Japan's domestic flights from July. (Getty)

Mitsubishi Corp. (8058) and Century Tokyo Leasing Corp. (8439) also own stakes in Jetstar Japan.

http://www.businessweek.com/news/2012-04-18/jetstar-japan-plans-two-bases-in-budget-carrier-push

 


Category: Japan

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