Australian flag carrier Qantas has described a potential sale of any of its majority 49% share in Jetstar Asia to Indonesian low-cost carrier (LCC) Lion Air as “speculation.” Qantas said it is pursuing its existing strategy for the Singapore-based LCC, which has seen mixed fortunes recently with falling revenues and stumbles in establishing new offshoots. Its long-awaited Jetstar Hong Kong is still mired in an approvals process with aircraft sitting idle—and it reported a ...

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