Aug 12 Qantas Airways Ltd unit Jetstar
Airways has agreed to form a 3 billion yen ($39 million)
low-cost carrier joint venture with Japan Airlines Corp (JAL)
and Mitsubishi Corp , the Nikkei business daily
Jetstar Japan, which will use the Australian firm's brand as
well as its operation, reservation and sales systems, will begin
domestic and international flights out of Narita airport by
December 2012, the Nikkei said.
Mitsubishi is expected to reduce its 33.4 percent interest
in the company by next summer, when new shareholders are brought
in. It is looking to make profits by handling the leasing of
Airbus SAS aircrafts to the new carrier, the daily added.
Jetstar recorded highest sales among budget air carriers in
the Asia-Pacific region last year, the Nikkei said.
($1 = 76.780 Japanese Yen)
(Reporting by Aman Shah in Bangalore)