Qantas plans to divest its one-third stake in Jetstar Japan, a low-cost subsidiary of Japan Airlines, the Australia-based carrier announced Tuesday.
The two airlines signed a memorandum of understanding to facilitate the transition of Jetstar Japan to a new Japanese capital-led ownership structure, according to Qantas. Subject to regulatory approvals, Qantas expects the agreement to be reached in July 2026 and the transition complete by June 2027.
The transaction will "allow the Qantas Group to focus its ongoing capital investment into Qantas and Jetstar's domestic and international operations in Australia," according to Qantas, which added that there are no effects to Qantas or Jetstar International services between Australia and Japan, and no impact on the carrier's codeshare arrangement with JAL.
Following Qantas' divestment, Jetstar Japan in a statement said it plans to "refresh its brand from 'Jetstar' to a new brand," and said it would announce its new brand in October 2026 and "expand its international network, centered on the future expansion of Narita Airport."