Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Qantas’ Jetstar Asia to touch down for last time on Jul 31; over 500 staff to lose jobs

by Riah Marton
in Technology
Qantas’ Jetstar Asia to touch down for last time on Jul 31; over 500 staff to lose jobs
Share on FacebookShare on Twitter


[SINGAPORE] Australian flag carrier Qantas will wind down operations for its Singapore-based unit Jetstar Asia and shut it down on Jul 31, 2025, as the low-cost airline has been facing challenges that threaten the sustainability of its business, the Jetstar Asia said in a Wednesday (Jun 11) statement.

The Singapore-based airline will continue operating flights for the next seven weeks and progressively reduce its schedule across its short-haul international network outside of Singapore before its last day of operations, said Jetstar Asia.

More than 500 employees will receive support through the closure, in the form of retrenchment packages, employment and employability support as well as opportunities within the Qantas Group, where possible, and other airlines and aviation partners in Singapore, it added.

Customers whose bookings have been impacted by the closure will be contacted directly with the option of a full cash refund or an alternative flight, where possible, Jetstar Asia said.

The closure will impact 16 intra-Asia routes and will not affect Jetstar Group’s Australian and New Zealand unit, Jetstar Airways, or its Japan-based unit, Jetstar Japan. The two airlines will continue to operate their current schedule, including Jetstar Airways flights between Australia and Singapore.

The move comes as Jetstar Asia has been saddled with escalating supplier costs, airport fees and aviation charges alongside growing regional capacity and competition. Latest media reports said the carrier was expected to post an underlying EBIT loss of A$35 million in the current financial year.

“These rising costs are projected to continue into the foreseeable future, putting unsustainable pressure on the airline’s ability to offer low fares, which is fundamental to its business model,” said Jetstar Asia.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

It will free up A$500 million (S$420 million) of capital for Qantas to reinvest in its fleet renewal plans.

Once the airline’s operations have ceased, its 13 Jetstar Asia Airbus A320 aircraft will be redeployed across the Qantas Group to support fleet renewal and growth in its Australia and New Zealand businesses, in line with underlying demand, Jetstar Asia said.

The Qantas Group will provide support for Jetstar Asia to continue to meet its obligations as operations wind down towards closure.

The Singapore Manual & Mercantile Workers’ Union (SMMWU) said it was notified of the job cuts and had negotiated with Jetstar Asia to “ensure that affected members and workers are treated with care and receive fair compensation”.

“The company has committed to providing a comprehensive retrenchment package in line with the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment,” it added in a statement.

Tags: AsiaJetstarJobsJulLoseQantasStaffTimeTouch
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Stocks to watch: Keppel Infrastructure Trust, Raffles Medical, Amara, Koh Brothers Eco Engineering, SIA

Stocks to watch: Keppel Infrastructure Trust, Raffles Medical, Amara, Koh Brothers Eco Engineering, SIA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In