Vietnam Airlines and Qantas’s low-cost carrier Jetstar are negotiating a deal that could see Vietnam Airlines becoming the majority shareholder in Jetstar Pacific. A Jetstar spokeswoman in Singapore acknowledges the two are negotiating an equity deal, but she says nothing has been decided yet. Qantas owns 27% of Ho Chi Minh City-based low-cost carrier Jetstar Pacific, while Vietnam’s State Capital Investment Corp. owns 70% and Saigon Tourist Holding Co. owns the remainder. The deal being ...

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