Summary: Qantas Airways Ltd. is closing its low-cost subsidiary Jetstar Asia due to rising costs, particularly higher airport fees at Singapore’s Changi airport. The closure, effective July 31, will result in a one-off impact of A$175 million and the redeployment of 13 aircraft to Australia and New Zealand. This decision allows Qantas to free up capital for its fleet renewal program and prioritize its Australian domestic network.

Link: https://www.theedgesingapore.com/news/aviation-engineering/qantas-close-jetstar-asia-frees-capital-new-fleet