Jetstar Asia to close at end of July

The loss-making Singapore-based airline, 49% owned by Qantas, has been hit by supplier costs, airport fees, aviation charges, and growing capacity and competition in the region; Qantas, which has been impacted by Cyclone Alfred, said Singapore remains a "critical hub".

Singapore-based Jetstar Asia has announced it is closing at the end of July in a statement on its website. The decision to close the airline was made by 49% shareholder Qantas and majority shareholder Westbrook Investments. Jetstar Asia has been in operation for around 20 years. 

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