Singapore -based price range airline Jetstar Asia can be closed on the finish of July, its Australian proprietor Kantas introduced.
The low -cost service has struggled with growing provider prices, excessive airport charges and a rise in competitors from different airways within the area.
Qantas states that the closure will present it with $ 500m ($ 325.9m; £ 241.4m), in order that the plane can make investments in the direction of renewing its fleet, saying that it’ll re -prepare 13 plane for the routes to Australia and New Zealand.
The shutdown of Jetstar Asia won’t have an effect on the operation of its Australia -based Jetstar Airways, nor from Jetstar Japan, which is based on an announcement by Kantas.
“We have seen an increase of up to 200 percent in the cost of some suppliers from Jetstar Asia, which has changed its cost base,” the assertion stated.
The low cost airline, which has operated flights for greater than 20 years, is able to harm $ 35M on this monetary yr.
With inputs from BBC