Jetstar to ask Qantas for funding

Qantas, Japan Airlines to be asked to help buoy Jetstar Japan.

Jetstar Japan is reportedly likely to ask major shareholders Qantas Airways (QAN) and Japan Airlines for a cash injection worth ¥11 billion ($A118.6 million) to make up for delays in the budget airline's expansion plans, according to The Australian.

Under a plan first reported by the Nikkei newspaper, Qantas and Japan Airlines would each buy ¥5.5 billion worth of non-voting shares to help make up for Jetstar Japan's struggles to boost passenger loads due to a stalled opening of a hub at Kansai International Airport near Osaka.

Qantas issued a brief statement saying it is committed to Jetstar's long-term success in Japan.

“As always, when we have something to announce we will announce it,” the airline said, according to The Australian.

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