Qantas's ambitions to establish a low-cost beachhead in Asia appear to be hanging in the balance after its Jetstar Asia joint venture confirmed it is in alliance talks with another Singapore-based LCC, Valuair. In the first major consolidation move in the Asia market, Ken Ryan, CEO of Jetstar Asia, which is 49% owned by Qantas, said the airline and Valuair "are exploring a variety of ways that they can work together or cooperate with each other." The development reflects Jetstar Asia's ...

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