Qantas sells off its stake in Jetstar Japan.

JETSTAR JAPAN AIRBUS A320-232 JA01JJ (MSN 5093)

Australian airline, Qantas, has announced it plans to sell off its share in Jetstar Japan by June 2026.

A non-binding Memorandum of Understanding (MoU) will see the transition of Jetstar Japan Co., Ltd. to a new Japanese-based ownership structure. This marks the end of Qantas’ 14-year involvement since the low-cost carrier Jetstar Japan’s launch in 2012.

Jetstar Japan, based at Tokyo Narita Airport, has established itself as a leading LCC in Japan, operating 18 domestic and six international routes while carrying more than 55 million passengers.

The current ownership includes JAL with 50% voting rights, Qantas with 33.32%, and Tokyo Century with 16.68%. Under the proposed structure, JAL will remain the largest shareholder, DBJ will join as a new shareholder bringing aviation expertise, and Tokyo Century will retain its stake.

The tentative timeline outlines a final shareholders’ agreement and brand transition by July 2026, and announcement of a new brand in October 2026. Completion of share transfer and full brand change will occur by June 2027, subject to ongoing discussions and regulatory approvals. 

The shift aims to position Jetstar Japan for its next phase of sustainable growth. The new Japanese-led ownership will leverage DBJ’s industry knowledge to enhance synergies, expand international networks centred on Narita’s future development.

This will capture rising inbound tourism demand, and promote regional revitalization through domestic connectivity. Jetstar Japan will continue independent LCC operations, maintaining its low-fare model, corporate culture, and employment for staff.

Following Qantas’ exit, the airline will undergo a new brand refresh, moving away from the Jetstar name to establish itself as a prominent Japanese LCC.

JAL President & Group CEO Mitsuko Tottori expressed optimism. “We are delighted to announce this new beginning for Jetstar Japan alongside DBJ and Tokyo Century. We also extend our deepest gratitude to Qantas for their 14-year partnership in establishing and developing the LCC market in Japan.”

The transaction will have no impact on flight schedules, existing bookings, or codeshare arrangements with Qantas, Jetstar Airways, and JAL. All services will continue normally, with assurances of safe, enjoyable, low-fare travel.

For Qantas, the divestment aligns with a strategy to prioritize core Australian domestic operations and its major fleet renewal program. The move follows the earlier closure of Jetstar Asia and reflects a broader refocus away from certain international low-cost ventures.