The Jetstar Asia merger with Valuair (ATWOnline, July 25) is expected to be more of a takeover that will have a significant upside for the Qantas-controlled low-cost airline. Under the S$60 million ($36.1 million) deal that was finalized Friday, the two LCCs, which both are losing money, will be merged into a single corporate structure of which Qantas will own 44.5%, down from the 49.9% it owns of Jetstar Asia. While Jetstar suggests that the two brands will continue, analysts believe it ...

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