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Antaras
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Jetstar Pacific Is No More, Now Renamed Pacific Airlines (Updated)

Fri Apr 10, 2020 12:57 am

Have a look a this Vietnamese article
Jetstar Pacific Airlines (BL) is planning to restructuring itself. However, the attached article reported that Qantas may "transfer" all of its 30% shares in BL to VN, who have already owned the remaining 70% of the Vietnam's first LCC.
As the result, BL (and VN) may forever lose the use of the "Jetstar" brand.

Image

How do you think about this? Will this "deal" affect the market? Any potential "buyers", or VN will eventually own this carrier?
If you disagree with my statement, assume that it was just a joke :duck:
 
A330Inter
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 6:55 am

Probably time for consolidation in Vietnam? Vietnam Airlines, Bamboo, JetstarPacific, Vietjet, etc...
This would be quick cash for QF for a risky venture and quick consolidation for VN
 
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zkojq
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 9:41 am

Did Jetstar Pacific ever make any meaningful money anyway?
First to fly the 787-9
 
chonetsao
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 10:02 am

Will VN give QF a small holding in itself as exchange? or QF is purely gifting the shares without return?
 
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 10:39 am

zkojq wrote:
Did Jetstar Pacific ever make any meaningful money anyway?

Truly a loss-maker.
Since its launch some 20 years ago as Pacific Airlines, it has never bring a single paper note for Vietnam Airlines/Vietnamese gov'. After the JQ×QF acquisition 13 years ago, BL's business was a bit improved, but still almost no profit. As I remember last 2 years were the first years that BL made profit, but not so much and it can't even be compared with the loss that BL has made 20 years ago.

This pandemic will be the end of this troublesome carrier, no doubt.
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Antaras
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 10:52 am

chonetsao wrote:
Will VN give QF a small holding in itself as exchange? or QF is purely gifting the shares without return?

There is rumour said that QF "lease" those stakes from Vietnamese gov' for a certain number of years (I can't confirm this rumour as I don't know what are terms in that deal) . So basically those QF's stakes were "expired", and QF will leave BL with nothing more than a bunch of losses (as well as a "failed investment" tag)
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 10:59 am

My suggestion is that Pacific Airlines (no "Jetstar") will works for VN as a low-cost subsidiary (just like QF and JQ of TG and Thai Smile). In fact BL did work like that before the Jetstar-rebranding.

If you disagree with my statement, assume that it was just a joke :duck:
 
qf002
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 1:00 pm

Best case for QF might be some kind of franchise/branding agreement. Zero risk and potentially a model for further opportunities across the region.
 
chonetsao
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 3:38 pm

Antaras wrote:
chonetsao wrote:
Will VN give QF a small holding in itself as exchange? or QF is purely gifting the shares without return?

There is rumour said that QF "lease" those stakes from Vietnamese gov' for a certain number of years (I can't confirm this rumour as I don't know what are terms in that deal) . So basically those QF's stakes were "expired", and QF will leave BL with nothing more than a bunch of losses (as well as a "failed investment" tag)


Thanks. I hope the details will be publish some day.
 
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 5:43 pm

It could also be the case there is a short- or medium-term trademark license or franchise agreement following the closing of the transfer of shares from Qantas to Vietnam Airlines (assuming this actually happens). That would allow the carrier to continue operating under its current identity until a decision to merge it into VN or rebrand it is made. Of course this wouldn't be gratuitous:
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c933103
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Fri Apr 10, 2020 10:56 pm

Could be like Tigerair Taiwan where they were completely sold off but still retain the original name.
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sat Apr 11, 2020 2:13 am

c933103 wrote:
Could be like Tigerair Taiwan where they were completely sold off but still retain the original name.

EddieDude wrote:
It could also be the case there is a short- or medium-term trademark license or franchise agreement following the closing of the transfer of shares from Qantas to Vietnam Airlines (assuming this actually happens). That would allow the carrier to continue operating under its current identity until a decision to merge it into VN or rebrand it is made. Of course this wouldn't be gratuitous:

qf002 wrote:
Best case for QF might be some kind of franchise/branding agreement. Zero risk and potentially a model for further opportunities across the region.

Well, Vietnamese people are quite "allergic" with the "Jetstar" brand now, as BL have been proven itself as the worst Vietnamese carrier, from its smallest fleet, under-average quality of service, as well as the carrier which as the worst on-time performance.
[Even the Jetstar livery is voted as the worst Vietnamese carriers' livery, so you guys may understand how the Vietnameses hate Jetstar. In other words, Jetstar Pacific ruined the Jetstar brand]

A rebranding would be neccesary. Besides that, I heard that most of BL's managers and bosses will be also replaced as an VN's effort to fully restructure this scrappy carrier.
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smi0006
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sat Apr 11, 2020 3:04 am

How did VN manage to buy the 70% seems somewhat anticompetitive- I suspect, and this is purely speculation QF didn’t get much say in the matter. How does Vietnam rate in fairness; and transparency of business, and government intervention
 
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Antaras
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sat Apr 11, 2020 3:34 am

smi0006 wrote:
How did VN manage to buy the 70% seems somewhat anticompetitive- I suspect, and this is purely speculation QF didn’t get much say in the matter. How does Vietnam rate in fairness; and transparency of business, and government intervention


Have a look of this piece of info on Wikipedia:
During the year, reports indicated that VAC [Vietnam Airlines Corp] would re-assume control of the carrier; according to Saigon Tiep Thi, the SCIC [State Capital Investment Corp, basically Vietnamese gov'] would transfer 70% of its shares to Vietnam Airlines. However, the Jetstar Group denied such speculation. On 16 January 2012, the Vietnamese government confirmed the allegations by Saigon Tiep Thi by decreeing a transfer of SCIC shares to Vietnam Airlines, which took place in February. The transfer brought forward plans by Vietnam Airlines to have its own LCC by 2014.

Hey, Vietnam is a socialism country. It is similar to the ownership of Chinese gov in Air China, China Eastern as well as China Southern.
Pacific Airlines was founded by the Vietnamese government, so it have been a state-owned carrier since its birth. The "merge" with VN is just basically changing the managers of BL, not even the owners (note that the gov owns 83.17% of VN, so I would prefer saying that the gov just "decreased" its stake in BL).
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sat Apr 11, 2020 3:44 am

A report from Simple Flying for those who want to clearly understand what is happening.. in English
https://simpleflying.com/qantas-jetstar-pacific-vietnam-airlines/?utm_source=dlvr.it&utm_medium=facebook
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thaisalem
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sat Apr 11, 2020 4:28 am

Its time now since the BL total accumulated losses by the end of 2018 was more than VND 4,200 billion by the end of 2018.
Waiting for new name of this airlines...
 
potter787
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sat Apr 11, 2020 5:09 pm

I don't think there will be new name for BL. VN will just fold this airline for various reasons
- The brand name is notorious, it is associated with cancellation, delay and small network.
- BL's small fleets doesn't have low cost structure as it should
- VN has been offering lower fare type (basic economy or off peak timing) to compete with VJ
- There is too much overlap in term of network between VN and BL unlike the way Thai Smile works for Thai, TR for SQ or JQ for QF. All destinations offered by BL are offered by VN too
- Vietnam is not a premium market so model like QF-JQ or SQ-TR won't work.
 
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Antaras
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 12, 2020 12:50 am

potter787 wrote:
- BL's small fleets doesn't have low cost structure as it should

Sorry I don't understand this. Anything wrong with BL's small fleet of 15 A320-232 :confused:

However, agree with you that VN has reasons to scrap this carrier.
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Obzerva
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sun Apr 12, 2020 1:24 am

qf002 wrote:
Best case for QF might be some kind of franchise/branding agreement. Zero risk and potentially a model for further opportunities across the region.


I’m not sure there is zero risk.

On the upside, it provides an extension of the Jetstar brand, which gives it more brand recognition in the wider marketplace, and that is clearly beneficial

On the downside, if there was ever a negative incident/accident by the franchisee for any carrier allowing it’s name to be franchised, it’s not as easy to disassociate the main brand from that occurrence for the average customer.
 
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Re: There might be no more "Jetstar" Pacific as QF is reportedly transferring its stakes in BL to Vietnam Airlines

Sun Apr 12, 2020 1:30 am

Obzerva wrote:
qf002 wrote:
Best case for QF might be some kind of franchise/branding agreement. Zero risk and potentially a model for further opportunities across the region.


I’m not sure there is zero risk.

On the upside, it provides an extension of the Jetstar brand, which gives it more brand recognition in the wider marketplace, and that is clearly beneficial

On the downside, if there was ever a negative incident/accident by the franchisee for any carrier allowing it’s name to be franchised, it’s not as easy to disassociate the main brand from that occurrence for the average customer.


At this moment BL has been ruined the Jetstar brand by its poor quality as well as management scandals. So there is no "zero-risk" here.
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EddieDude
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 12, 2020 4:21 pm

Wow, thanks for the info Antaras. I would not have imagined this business lacked the operational and market standards of the other "sister" Jetstars..
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A320B737NGCapt
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 12, 2020 6:08 pm

It’s a shame they might be going, they have been hampered by constant disagreements between their two shareholders on which way the business should grow. Antaras just for your information they delays encountered where 90% or more caused by the inadequate ATC operations that goes on within Vietnam, VNA getting priority, Veitjet paying bribes to get ahead and the cover up its multiple incidents.

Out of all the airlines operating in Vietnam it had the highest standards for training and safety, but that doesn’t help a loss making airline.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 3:59 am

Seems like BL will make its first flight since the last 2 weeks [not the last 2 weeks, but the first flight spotted since the last dozen of day?, can't confirm] (all domestic flights since 1st April were only operated by Vietnam AL, VietJet and Bamboo).
Hope that good things will happen to this carrier
Image
Photo captured by Vietnam Air Forum

There are fake rumours in Vietnam that BL ceased operation, but LOL nothing happened.
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 4:31 am

Antaras wrote:
...... BL's small fleet of 15 A320-232.....


Who owns their fleet? Are they leased from the QF Group?
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81819
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 4:44 am

There was always a lot of political / shareholder issues with this airline.

If we go back 3-4 years BL was originally suppose to source its aircraft from the QF order backlog. VN decided to go it alone, ordering A320’s directly from Airbus.

When I was in Hanoi 5 years ago BL was operating from a makeshift corner of the airport terminal. In contrast Vietjet had access to the main terminal building. Ironic, considering Vietjet was a start-up at the time.

The opportunity for BL has probably now passed. With Vietjet, Bamboo and VN now the dominant players, there isn’t Going to be much room for this unflavoured child in the market place.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 4:49 am

vhtje wrote:
Antaras wrote:
...... BL's small fleet of 15 A320-232.....


Who owns their fleet? Are they leased from the QF Group?

From other lessors such as Macquarie, DAE or CALC. No airframes are owned by QF nor VN.

BL previously ordered 10 with Airbus. Seems like all of those were sold and leased back.
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 2:16 pm

travelhound wrote:
There was always a lot of political / shareholder issues with this airline.

If we go back 3-4 years BL was originally suppose to source its aircraft from the QF order backlog. VN decided to go it alone, ordering A320’s directly from Airbus.

When I was in Hanoi 5 years ago BL was operating from a makeshift corner of the airport terminal. In contrast Vietjet had access to the main terminal building. Ironic, considering Vietjet was a start-up at the time.

The opportunity for BL has probably now passed. With Vietjet, Bamboo and VN now the dominant players, there isn’t Going to be much room for this unflavoured child in the market place.

Agree.
Finally now VN has full control of BL, which it has been wishing for the last decades. The dispute of power between JQ×QF and VN has ruined this carrier by their trashy decisions from bad Australian and Vietnamese managers. Besides that, VN somehow always wants to push BL out of the Jetstar System by revising Jetstar's standard livery and make BL stand out of other Jetstar brothers.


Notice that JetstarPacific is painted directly on the fuselages instead of the standard Jetstar* or Jetstar.com. The Jet* on the tail is also painted with lighter shade (grey instead of black). Since the beginning VN has wanted BL's brand identity to be "independent" to other Jetstars bros.

In other word, VN wants BL to keep the "Jetstar" brand for PR purpose, but to make it not "Jetstar".
Last edited by Antaras on Wed Apr 15, 2020 2:29 pm, edited 1 time in total.
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torin
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 2:29 pm

Antaras wrote:
Notice that JetstarPacific is painted directly on the fuselages instead of the standard Jetstar* or Jetstar.com. The Jet* on the tail is also painted with lighter shade (grey instead of black). Since the beginning VN has wanted BL's brand identity to be "independent" to other Jetstars bros.


the airline encountered branding issues when the CAAV in October decreed that it must replace its Jetstar brand and logo with a new identity; the CAAV cited possible consumer confusion with Jetstar Airways and that a foreign airline could potentially exploit the Jetstar Pacific's branding to advertise it products


https://www.webcitation.org/6IPqc2Dzf?url=http://english.thesaigontimes.vn/Home/features/general/7234/
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 15, 2020 2:39 pm

torin wrote:
Antaras wrote:
Notice that JetstarPacific is painted directly on the fuselages instead of the standard Jetstar* or Jetstar.com. The Jet* on the tail is also painted with lighter shade (grey instead of black). Since the beginning VN has wanted BL's brand identity to be "independent" to other Jetstars bros.


the airline encountered branding issues when the CAAV in October decreed that it must replace its Jetstar brand and logo with a new identity; the CAAV cited possible consumer confusion with Jetstar Airways and that a foreign airline could potentially exploit the Jetstar Pacific's branding to advertise it products


https://www.webcitation.org/6IPqc2Dzf?url=http://english.thesaigontimes.vn/Home/features/general/7234/

Yes I have known about the brand issue.
Noted that the branding issue was rumoured as a VN's trick to avoid the direct use of "Jetstar" brand. Since the QF acquisition with BL in 2008, VN was said always wanted BL to use a quite different brand (to keep the value of VN-owned "Pacific Airlines" brand). However, QF was disagree with VN's plan. As a result, VN had chosen "lobbying" the CAAV, helped BL partly keeping its original brand.
Until now, I still didn't understand why VN biased the "Pacific AL" brand, as it is a boring and valueless brand, aa if the mentioned rumour was true.

And the livery was just a small problems. VN decisions (including independently order a bunch of A320s) have made some disagreements between the Vietnamese and Australians bosses.

Btw VN and BL now have their chance to use the "Pacific" brand, congrats.
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moa999
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 22, 2020 1:42 am

travelhound wrote:
The opportunity for BL has probably now passed. With Vietjet, Bamboo and VN now the dominant players, there isn’t Going to be much room for this unflavoured child in the market place.


Definitely lost the initial first mover advantage to VietJet.
Bamboo not sure - they will be struggling through this. Then you've got the recent sale of a 49% stake to someone (no details provided, rumours of Chinese interest recently denied) but also at possibly a low price (under US$100m seemingly added to equity) but again details are surprisingly scarce.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 22, 2020 2:40 am

moa999 wrote:
Bamboo not sure - they will be struggling through this. Then you've got the recent sale of a 49% stake to someone (no details provided, rumours of Chinese interest recently denied) but also at possibly a low price (under US$100m seemingly added to equity) but again details are surprisingly scarce.

Bamboo is a full-service carrier, which is VN's direct competitor. However, QH's dirt cheap ticket (significantly cheaper than VN) was said threatening both VN and VJ's market shares.

About that 49% buyer, that investor's identity was not announced. However, QH's capital structure was just announced 100% Vietnamese-owned, so we are rumouring that investor is Vingroup, Vietnam's largest conlomegrate. Noted that Vingroup cancel the launch of its own carrier Vinpearl Air just right the moment ch-aviation reported that Bamboo disposed 49% of itself, so we might assume that Vingroup had chosen a quick and easy way to "launch" an airline :D
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thaisalem
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 22, 2020 10:04 am

Antaras wrote:
moa999 wrote:
Bamboo not sure - they will be struggling through this. Then you've got the recent sale of a 49% stake to someone (no details provided, rumours of Chinese interest recently denied) but also at possibly a low price (under US$100m seemingly added to equity) but again details are surprisingly scarce.

Bamboo is a full-service carrier, which is VN's direct competitor. However, QH's dirt cheap ticket (significantly cheaper than VN) was said threatening both VN and VJ's market shares.

About that 49% buyer, that investor's identity was not announced. However, QH's capital structure was just announced 100% Vietnamese-owned, so we are rumouring that investor is Vingroup, Vietnam's largest conlomegrate. Noted that Vingroup cancel the launch of its own carrier Vinpearl Air just right the moment ch-aviation reported that Bamboo disposed 49% of itself, so we might assume that Vingroup had chosen a quick and easy way to "launch" an airline :D


For QH, there is some rumor that some lessors could not stand for outstandings of payment which is always late and delayed. Lessor could take back some a/c from QH soon.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Wed Apr 22, 2020 10:15 am

thaisalem wrote:
Antaras wrote:
moa999 wrote:
Bamboo not sure - they will be struggling through this. Then you've got the recent sale of a 49% stake to someone (no details provided, rumours of Chinese interest recently denied) but also at possibly a low price (under US$100m seemingly added to equity) but again details are surprisingly scarce.

Bamboo is a full-service carrier, which is VN's direct competitor. However, QH's dirt cheap ticket (significantly cheaper than VN) was said threatening both VN and VJ's market shares.

About that 49% buyer, that investor's identity was not announced. However, QH's capital structure was just announced 100% Vietnamese-owned, so we are rumouring that investor is Vingroup, Vietnam's largest conlomegrate. Noted that Vingroup cancel the launch of its own carrier Vinpearl Air just right the moment ch-aviation reported that Bamboo disposed 49% of itself, so we might assume that Vingroup had chosen a quick and easy way to "launch" an airline :D


For QH, there is some rumor that some lessors could not stand for outstandings of payment which is always late and delayed. Lessor could take back some a/c from QH soon.

Maybe QH will be kicked out of all Vietnamese airports as it didn't pay enough airport fees with Airport Corp of Vietnam.
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thaisalem
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Thu Apr 23, 2020 12:04 pm

https://www.ch-aviation.com/portal/news ... angkor-air
On the other news, now VN sold stake on K6 already.
 
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Antaras
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Thu Apr 23, 2020 1:22 pm

thaisalem wrote:
https://www.ch-aviation.com/portal/news/89200-vietnam-airlines-sells-its-49-stake-in-cambodia-angkor-air
On the other news, now VN sold stake on K6 already.

So basically VN, or at least the Vietnameses, still has a hand in K6:

Vietnam Airlines held a total of 59% of Cambodia Angkor Air's capital, with 49% controlled by the airline directly and 10% held in trust through the Phuong Nam Investment - Tourism and Shipping Co., Ltd which in turn has a stake in Angkor shareholder, Cambodian travel agency Kasimex. Under the original plan, Vietnam Airlines was to have divested its shares in two stages. In phase 1, the company was to have sold its 49% stake in the carrier for USD49 million with the second phase, entailing the sale of its remaining capital, to take place within the following 36 months.

I am wondering about the fate of K6's aircraft. Except only 2 A320-232WLs are leased from BOC, all of other K6's airframes including one 7.5-years old A321-231 as well as 3 10-year-old ATR 72-5 are owned by VN. Will VN take those airframes back or just give K6 those airframes as free gifts?
======================================================================
VN's withdrawal in K6 makes sense as it needs more capital for survival, to fully acquire BL as well as *cough* *cough* speed up its order's approval *cough* *cough* (you should know what I mean ;))
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Thu Apr 23, 2020 1:36 pm

@thaisalem, I am a little bit curious about you. You became the member of this forum a decade ago and you just have 4-5 posts, and those are all my threads about Vietnamese aviation.
I am doubt that you are also Vietnamese, aren't you? :duck:
Whatever your nationalitiy are, seems like you have chosen to become a "silent scavenger" of this forum in the last few years and you just appeared in the last few weeks :D
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thaisalem
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Fri Apr 24, 2020 5:19 am

Antaras wrote:
@thaisalem, I am a little bit curious about you. You became the member of this forum a decade ago and you just have 4-5 posts, and those are all my threads about Vietnamese aviation.
I am doubt that you are also Vietnamese, aren't you? :duck:
Whatever your nationalitiy are, seems like you have chosen to become a "silent scavenger" of this forum in the last few years and you just appeared in the last few weeks :D

Yes i am Vietnamese, i just back to this web few weeks ago then have more time with your useful topics. :)
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Fri Apr 24, 2020 7:26 am

thaisalem wrote:
Antaras wrote:
@thaisalem, I am a little bit curious about you. You became the member of this forum a decade ago and you just have 4-5 posts, and those are all my threads about Vietnamese aviation.
I am doubt that you are also Vietnamese, aren't you? :duck:
Whatever your nationalitiy are, seems like you have chosen to become a "silent scavenger" of this forum in the last few years and you just appeared in the last few weeks :D

Yes i am Vietnamese, i just back to this web few weeks ago then have more time with your useful topics. :)

By the way, chào ;)
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Antaras
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Fri Apr 24, 2020 1:58 pm

BL's number of flight operated last month was said "significantly low".
To be more specific, base on the authorities' data, from March 19th to April 18, BL had operated total 79 flights, or just more than 2 flights a day. In contrast, in that period VN had operated 1522 flights, VJ 1833 flights and QH 1506 flights.
https://tuoitre.vn/etstar-pacific-khai-thac-chuyen-bay-thap-ki-luc-20200424180602548.htm
The article also said that the restructuring process of this carrier affected the operation of Jetstar Pacific. Notabbly, the article also said:

As expected, Vietnam Airlines received the transfer of all 30% of Qantas shares at Jetstar Pacifc and the company withdrew from the Vietnamese market.

Means that QF has decided to withdraw from BL. The only problem left is the Jetstar-brand issue.
If you disagree with my statement, assume that it was just a joke :duck:
 
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Antaras
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 3:16 am

BL is reportedly not using its fleet in the last few weeks. All of its flights are operated by VN's A321s.
Spotters in SGN and HAN confirmed that they have spotted 0 Grey-Orange aircraft took off in the last few weeks.

A VN's 321 spotted flying under BL/PIC code on fr24:
Image

As the entire BL's fleet is leased from lessors, there might be a chance that BL (and VN) have withdrawn those aircraft from use and return all of those airframes to the lessors?
Seems like fr24 confirms that. As few months ago I saw BL had 18 airframes (15 A320 + 3 A321 leased/transferred from VN), but now BL has zero:
Image
If you disagree with my statement, assume that it was just a joke :duck:
 
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Antaras
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 7:34 am

No more operation will be performed under the ⭐Jetstar brand

To be more specific, everyone who orders BL's ticket will sits on VN's plane with full-service standards such as meals, baggage, blankets, entertainment...

Flights are operated in the form of codeshare partnership under the "dual brand" strategy with Vietnam Airlines. Passengers who buy tickets of Vietnam Airlines on codeshare flights operated by Jetstar Pacific still enjoy the full range of services from ground to air like flying on Vietnam Airlines, including free checked baggage allowance and capacity, meals, ...

Translated by Google Translate from Vietnamese. Sorry I was too lazy :duck:


In order words, from this moment the "Jetstar" brand is wiped out as all BL's flights are operated by VN's blue aircraft, with VN's blue boarding passes and the flight attendants will wear VN's traditional uniform. Everything related to Jetstar is now being used under VN's golden lotus brand, not the Jet⭐ orange-grey brand anymore.

Vietnamese press release, from VN: http://spirit.vietnamairlines.com/vi/tintuc/tin-tct-105/vietnam-airlines-group-tang-cuong-bay-noi-dia-tu-ngay-2342020-7239.html

:tombstone: Rest In Peace, Jetstar Pacific
2008-2020
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moa999
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 8:21 am

The dual-brand thing only seems to continue to 30June.
From the Facebook page it still seems they are advertising for end of year.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 8:39 am

moa999 wrote:
The dual-brand thing only seems to continue to 30June.
From the Facebook page it still seems they are advertising for end of year.

Fact: the withdrawal of QF in BL will start from 30 June.
In other word, BL will operate under its mother - VN's brand until it has a new name from July 2020.

I guess that Vietnam Airlines has started designing a new logo and livery for BL. Sure that the new logo and livery must be much better than 20 years ago (BL's pre-Jetstar era):


P/s: any good designers here. I am thinking about a new livery for BL with VN's big lotus on the tail, a "Pacific Airlines" logo with VN's font, and an Airbus-style black windshield.
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thaisalem
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 9:58 am

VN bring new management from VN to BL already, will see how it change.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 10:30 am

thaisalem wrote:
VN bring new management from VN to BL already, will see how it change.

No "new management" here.
In fact BL and VN always have the same managers and the administrative council. Only one or two "chairs" are available for Australian bosses as major stakeholders.
The bosses will be "transferred" from BL to VN as the promotion. VN's CEO and managers were all BL's bosses in the past.
Those key people made BL truly a loss-maker, but somehow those same people turned VN into a very profitable airline :roll:
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potter787
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 10:39 am

Antaras wrote:
No more operation will be performed under the ⭐Jetstar brand

To be more specific, everyone who orders BL's ticket will sits on VN's plane with full-service standards such as meals, baggage, blankets, entertainment...

Flights are operated in the form of codeshare partnership under the "dual brand" strategy with Vietnam Airlines. Passengers who buy tickets of Vietnam Airlines on codeshare flights operated by Jetstar Pacific still enjoy the full range of services from ground to air like flying on Vietnam Airlines, including free checked baggage allowance and capacity, meals, ...

Translated by Google Translate from Vietnamese. Sorry I was too lazy :duck:



I think your interpretation of the press release is inaccurate. It just says if you buy ticket VN ticket on flights operated by BL then they will have all the benefits like meals etc. The other way is not correct, if you buy BL ticket then you don't have meals and other benefits. This is standard statement they have included over the past few years.

On the aircraft topic, since VN has a lot of spare aircrafts now, it makes sense for them to return BL birds to lessors. However there is no indication that BL brand disappears yet.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 11:00 am

potter787 wrote:
I think your interpretation of the press release is inaccurate. It just says if you buy ticket VN ticket on flights operated by BL then they will have all the benefits like meals etc. The other way is not correct, if you buy BL ticket then you don't have meals and other benefits. This is standard statement they have included over the past few years.

On the aircraft topic, since VN has a lot of spare aircrafts now, it makes sense for them to return BL birds to lessors. However there is no indication that BL brand disappears yet.


Yep, maybe I missed something....sorry. Yes if you buy BL's ticket you won't recieve any extra service. However ALL [GTranslate missed this phrase] BL flights will be operated under the VN brand (as mentioned, "dual-brand" strategy) as well as VN's aircraft. Even the boarding pass what said using VN's blue form, not Jetstar's orange form even though the code on that ticket is BL, not VN.
I saw that VN are clearly trying to avoid the use of Jetstar brand here. No one force VN to do that, however I guess that VN wants the customers to be "familiar" with the absence of Jetstar brand.

P/s: a VN staff confirm that it (the dual-brand thing, as well as the grounding of the entire fleet) relates to the restructure of BL.
If you disagree with my statement, assume that it was just a joke :duck:
 
potter787
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 11:15 am

Antaras wrote:

However ALL [GTranslate missed this phrase] BL flights will be operated under the VN brand (as mentioned, "dual-brand" strategy) as well as VN's aircraft. Even the boarding pass what said using VN's blue form, not Jetstar's orange form even though the code on that ticket is BL, not VN.
I saw that VN are clearly trying to avoid the use of Jetstar brand here. No one force VN to do that, however I guess that VN wants the customers to be "familiar" with the absence of Jetstar brand.

P/s: a VN staff confirm that it (the dual-brand thing, as well as the grounding of the entire fleet) relates to the restructure of BL.



Oh I did not see that sentence in the press release. I read the Vietnamese version of it, not the gg translation. I might have missed something.
Well I recalled VN management was never keen on taking BL stakes from the start. They didn't see how BL fit into overall strategy of VNA group. Instead, they have been using VN to fight off VJ by introducing off-peak pricing and basic economy ticket. So I see it's the time for them to fold BL eventually.
 
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Sun Apr 26, 2020 12:06 pm

potter787 wrote:
Antaras wrote:

However ALL [GTranslate missed this phrase] BL flights will be operated under the VN brand (as mentioned, "dual-brand" strategy) as well as VN's aircraft. Even the boarding pass what said using VN's blue form, not Jetstar's orange form even though the code on that ticket is BL, not VN.
I saw that VN are clearly trying to avoid the use of Jetstar brand here. No one force VN to do that, however I guess that VN wants the customers to be "familiar" with the absence of Jetstar brand.

P/s: a VN staff confirm that it (the dual-brand thing, as well as the grounding of the entire fleet) relates to the restructure of BL.


Oh I did not see that sentence in the press release. I read the Vietnamese version of it, not the gg translation. I might have missed something.
Well I recalled VN management was never keen on taking BL stakes from the start. They didn't see how BL fit into overall strategy of VNA group. Instead, they have been using VN to fight off VJ by introducing off-peak pricing and basic economy ticket. So I see it's the time for them to fold BL eventually.


My bad also. I was too lazy not checking the translated part and not relize Ms.Google had missed the phrase "Các chuyến bay" - "ALL flights". My responsibility is providing you guys accurate info :duck:

Btw, agree that BL should had been important with VN. Somehow VN thought that it can piss off VJ by itself but forgot that it owns BL, a true LCC. If VN invested more in BL then I guess that VJ couldn't be as big as now.
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Re: Jetstar Pacific: QF reportedly transferring its stakes to Vietnam Airlines

Mon Apr 27, 2020 12:18 am

Antaras wrote:
BL is reportedly not using its fleet in the last few weeks. All of its flights are operated by VN's A321s.
Spotters in SGN and HAN confirmed that they have spotted 0 Grey-Orange aircraft took off in the last few weeks.

A VN's 321 spotted flying under BL/PIC code on fr24:
<img snipped>

As the entire BL's fleet is leased from lessors, there might be a chance that BL (and VN) have withdrawn those aircraft from use and return all of those airframes to the lessors?
Seems like fr24 confirms that. As few months ago I saw BL had 18 airframes (15 A320 + 3 A321 leased/transferred from VN), but now BL has zero:
<img snipped>


planespotters.net listed that the entire fleet of BL is being grounded:
Image
If you disagree with my statement, assume that it was just a joke :duck:

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