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Founded | 2011 | ||||||
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Commenced operations | 2012 | ||||||
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Frequent-flyer program | JAL Mileage Bank | ||||||
Fleet size | 20 | ||||||
Destinations | 14 | ||||||
Headquarters | Narita, Japan | ||||||
Key people | Gerry Turner (CEO) | ||||||
Revenue | JPY 29.1 billion (June 2014) | ||||||
Operating income | JPY -11.1 billion (FY June 2014) | ||||||
Website | www.jetstar.com |
Jetstar Japan Co., Ltd. (Japanese: ジェットスター・ジャパン株式会社 Hepburn: Jettosutā Japan Kabushiki Kaisha?) is a low-fare Japanese airline based in Tokyo. Initially planned to commence flights in late 2012, it launched ahead of schedule on 3 July 2012. The airline serves 14 destinations, 11 domestic and 3 international, using a fleet of 20 Airbus A320 aircraft.
The airline plans to expand its initial fleet of Airbus A320 aircraft to a total of 24 within the first few years of operation.Jetstar Japan competes against Peach Aviation and Vanilla Air in the domestic low-cost market.
The head office of Jetstar Japan is in Narita, Chiba. It is owned by Qantas (33.3%), Japan Airlines (33.3%), Mitsubishi Corporation (16.7%), and Century Tokyo Leasing Corporation (16.7%). Total capitalisation committed to the new airline is up to ¥12 billion.
In November 2013, Qantas and Japan Airlines each injected ¥5.5 billion of fresh capital in the form of non-voting shares. This kept the ownership structure the same however both Qantas and Japan Airlines economic interest in Jetstar Japan rose to 45.7% each.
In November 2014, Qantas and Japan Airlines each agreed to inject a further ¥5.5 billion of fresh capital in the form of non-voting shares. This capital injection was to be undertaken in two tranches and was the second re-capitalisation in under a year. The issuance of non-voting shares kept the ownership structure the same however both Qantas and Japan Airlines economic interest in Jetstar Japan rose to 47.1% each. The first tranche totaling ¥7 billion was injected in November 2014 with the second tranche of ¥4 billion paid in July 2015.