Manufacturing Industry
Qantas Airways plans to launch Singapore budget airline
Airline Industry Information, April 6, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Australian carrier Qantas Airways has announced plans to launch a Singapore-based budget carrier.
The new airline will be a joint venture with Singapore government investment agency Temasek Holdings and two Singapore businessmen. The owners will invest SGD100m in the new airline, with Qantas Airways taking a 49.9% stake, while Temasek will hold 19% and Singapore businessmen Tony Chew and F.F. Wong would own 21.1% and 10% respectively.
The carrier is expected to start flying this year to Asian cities within five hours of Singapore.
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COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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