Jetstar and Spring Airlines look at Japanese units
The Japanese LCC market could become much more competitive, with reports that Jetstar Airways and Spring Airlines are planning to launch units to operate domestic routes in Japan. To comply with foreign ownership regulations, the carriers reportedly intend to raise funds from Japanese companies to establish the units. The carriers have reportedly already approached Japan’s MLIT with their plans. Shares in Japanese LCC Skymark were flat in trading on Monday.
