Qantas cash for Jetstar

Original article by Jamie Freed
The Australian Financial Review – Page: 15 : 29-Jun-15

The Jetstar Japan joint venture between Qantas and Japan Airlines is believed to have a cash burn rate of about Y700m a month. It is also said to have cash holdings of around Y4bn. Meanwhile, Qantas will invest an additional Y2bn ($A21m) in the budget carrier in 2015, as part of a 2014 deal with its joint venture partner to collectively invest another Y11bn in the business in two instalments. Jetstar Japan posted a loss of Y11.1bn in 2013-14.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, JAPAN AIRLINES COMPANY LIMITED, MITSUBISHI CORPORATION, CENTURY TOKYO LEASING CORPORATION, JETSTAR JAPAN, JETSTAR HONG KONG AIRWAYS LIMITED, CISCO SYSTEMS INCORPORATED