Jetstar to ask Qantas for funding

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.