Jetstar has denied reports that Jetstar Pacific is being absorbed into Vietnam Airlines due to financial difficulties.
Vietnamese media have reported a proposed ownership swap involving the Qantas group and the majority owner, the State Capital Investment Corporation, as a buyout. However Qantas denies such a structural change is a takeover.
Qantas, which owns 27 per cent of the airline, had last month been expecting to raise its stake to 30% but has not reached agreement with Vietnamese authorities. A Jetstar statement says that the proposed ownership swap with SCIC would leave the Qantas Group stake in the airline unchanged.
"Contrary to reports, no agreement has been formalised and the ownership structure for Jetstar Pacific remains unchanged,'' a spokesperson said.
Qantas denies reports Jetstar Pacific has been sold
