News
Qantas Group to exit Jetstar Japan
February 4th 2026
Qantas Group is selling its one-third stake in Jetstar Japan (JJP) to the Development Bank of Japan Inc (DBJ). Read More » The company said in a regulatory filing it had signed a non-binding memorandum of understanding (MOU) with JAL Group (JAL) to divest its 33.3% stake in Jetstar Japan, with the transaction expected to be complete by June next year. Once completed, the Jetstar Japan name will be retired and the LCC will transition to a new brand and identity. "By moving to this new structure, we will respond flexibly to market changes and maximise synergies with the JAL Group to achieve sustainable growth for JJP as a key LCC at the expanding Narita Airport," JAL Group CEO, Mitsuko Tottori, said. Qantas, which shut down Singapore-based Jetstar Asia last year, said it was focused on its ongoing capital investment into Qantas Airways and Jetstar’s domestic and international operations out of Australia and N.Z.. "We’re incredibly proud of the pioneering role Jetstar Japan has played in the low-cost aviation sector in Japan and sincerely thank our Jetstar team members for their unwavering commitment to maintaining excellent safety, operational and service standards for millions of customers," Qantas Group CEO, Vanessa Hudson, said. Jetstar Japan CEO, Masakazu Tanaka, said: "As we look to the next chapter in Jetstar Japan’s history, I am pleased to work with the new ownership group to lead our LCC into the future." JAL is the majority owner of Jetstar Japan with 50% voting rights, followed by Qantas at 33.3% and Tokyo Century Corporation at 16.7%. The terms of the sale were not disclosed.
