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Vietnam's Pacific Air sees revenues doubling in '08

Mon Apr 14, 2008 12:19am EDT

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HO CHI MINH CITY, April 14 (Reuters) - Pacific Airlines, Vietnam's second-largest, expects revenues to double this year to $145 million as it joins Australia's Jetstar Airways to explore domestic and regional markets, its chief executive officer said on Monday.

Pacific Airlines will become Jetstar Pacific next month, adding five aircraft to its fleet this year and another five in 2009 to serve new routes at home and to nearby countries in Asia, Luong Hoai Nam told Reuters.

Jetstar is a low-cost airline of Australia's Qantas (QAN.AX) group which bought an 18 percent stake in Pacific Airlines last year. The stake would be increased to 30 percent by 2010, Qantas has said. (Reporting by Ho Binh Minh; Editing by Ben Tan)



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