Qantas Airways and Japan Airlines equally increased their equity shares in Jetstar Japan in order to support future fleet and infrastructure growth.
The two international airlines combined equity injection totals approximately AU$120 million, in the form of non-voting shares, raising their economic interest from 41.7 percent to 45.7 percent each.
Minor shareholders, Mitsubishi Corporation and Century Tokyo Leasing, have reduced their stake in the budget carrier from 8.3 percent to 4.3 percent each.
The new equity injection will enable Jetstar Japan to capitalise on the increasingly significant potential of low cost carriers within the world’s third largest economy.
Jetstar Japan commenced operations on 1 July 2012 and operates a fleet of 18 aircraft to nine destinations, carrying over 3 million passengers as the largest low cost carrier operating in Japan.
Earlier this year, Qantas reduced its maximum planned equity investment in Jetstar Hong Kong by US$33 million, after a third shareholder invested in the budget airline.