{"id":9489,"date":"2011-07-02T01:07:45","date_gmt":"2011-07-02T01:07:45","guid":{"rendered":""},"modified":"2011-07-02T01:07:45","modified_gmt":"2011-07-02T01:07:45","slug":"Japan-Airlines-Jetstar-join-forces-in-low-cost-carrier-market","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=9489","title":{"rendered":"Japan Airlines, Jetstar join forces in low-cost carrier market"},"content":{"rendered":"

Japan Airlines (JAL) is expected to enter the low-cost carrier market by teaming up with Australia’s Jetstar<\/strong>, launching domestic services as early as next year.<\/p>\n

JAL plans to set up a joint venture with Jetstar, the budget offshoot of Australian national carrier Qantas<\/strong>, for flights using Narita and other domestic airports, the Nikkei business daily said.<\/p>\n

The venture would be capitalized at 10-20 billion yen ($124-248 million), with JAL and Jetstar each taking stakes of about 30 per cent, the daily said, adding hat it would be later decided which firm has management control.<\/p>\n

Major Japanese trading house Mitsubishi and Toyota Tsusho, a trading firm affiliated with auto giant Toyota Motor, have been invited to invest<\/strong>, it said, adding that JAL and Jetstar aim to finalise a deal by the end of July.<\/p>\n

The carrier would start with domestic services with a plan to expand flights to international routes in the future, it said.<\/p>\n

JAL went bust in January 2010 with debts of about 2.32 trillion yen — one of Japan’s biggest-ever corporate failures<\/strong>.<\/p>\n

The company continued flying during a rehabilitation process that included massive job and route cuts, while under court protection.<\/p>\n

But the Nikkei<\/strong> said its revenue and profit are sure to plunge this year as travel demand fell as a result of the March 11 earthquake and tsunami.<\/p>\n

JAL’s rival, All Nippon Airways (ANA), is set to start Japan’s first budget carrier, called Peach Aviation<\/strong>, with Hong Kong and Japanese investment funds.<\/p>\n

It aims to begin domestic services out of Kansai International Airport in the western Japanese city of Osaka<\/strong> in March 2012.<\/p>\n

Services between Kansai and Incheon airport in Seoul<\/strong> are due to begin by May 2012.<\/p>\n

Source AFP<\/em>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Japan Airlines (JAL) is expected to enter the low-cost carrier market by teaming up with Australia’s Jetstar, launching domestic services<\/p>\n","protected":false},"author":1,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"1","magazineBlocksPostExcerpt":"Japan Airlines (JAL) is expected to enter the low-cost carrier market by teaming up with Australia’s Jetstar, launching domestic services","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":126,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":1,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/9489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9489"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/9489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}