Qantas Airways Limited
(ASX:QAN) owned Jetstar is closer to realising its Asian expansion plans after Singapore’s competition regulator cleared the way for the airline’s offshoots to coordinate passenger and cargo services.
Jetstar gained approval from the Competition Commission of Singapore to co-ordinate with its regional offshoots on matters such as flight scheduling and pricing, despite some parts of the plans raising competition concerns.
The Singapore watchdog said those concerns would be offset by economic benefits and the decision will also allow Qantas to better co-ordinate services with Jetstar's network.
Jetstar's biggest flying operations are in Singapore but it also has joint ventures in Japan and Vietnam.
It also is seeking approval to launch services from a new base in Hong Kong.
Qantas generated a net profit of $6 million in fiscal 2013.
