Qantas confirmed to ATWOnline that it is considering an equity stake in Vietnam's Pacific Airlines, which is relaunching as a low-cost carrier with fares as low as $1. Pacific is majority owned by Vietnam's Ministry of Finance, which wants to sell 30% to a foreign airline. Pacific was positioned as a "value airline" with fares 25% below Vietnam Airlines, but the success of LCC competitors like AirAsia has prompted a rethink. Plans call for Pacific's fleet to be built up from the current two ...

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