Word: jetstar
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Dates: during 2000-2009
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...Alan Joyce, the smart, energetic CEO of Qantas' discount subsidiary Jetstar, who will take over as CEO from Dixon, who is retiring in November, recently suggested that simply cutting costs might not be enough to keep the company viable. Qantas, he said, might have to merge with another airline in the next few years. "With the high fuel prices we have, if that continues, a lot of airlines are not economic if they stand alone," Joyce told reporters. Qantas' "never crashed" reputation will hopefully survive, but there's no certainty its name will...
...another than to the major carriers. Thailand has no fewer than seven low-cost operators. In September, Singapore's A-Sonic Aerospace said it plans to start a budget carrier in China with a Chinese state company. Tiny Singapore will be home to three low-cost airlines: Valuair, Jetstar Asia (which boasts Australia's Qantas Airways as a large shareholder) and Tiger Airways (backed by Singapore Airlines). "We'll grow as quickly as we can and fly wherever we can," vows Stephen Johnson of Indigo Partners, an investment company based in Phoenix, Ariz., that owns 24% of Tiger...
...flying within Poland and to London's Stansted Airport. To the south, Wizz Air, a Hungarian carrier, starts service in Eastern Europe in May, with an average one-way fare of $60. Even farther south, Qantas, Australia's biggest airline, begins service linking more than a dozen cities on Jetstar, going head to head with Virgin Blue. In the U.S., veteran no-frills flyer Southwest Airlines will take on U.S. Airways in Philadelphia. Southwest will offer $198 round-trip fares to cities like Phoenix, Ariz., and Las Vegas; USAir vows to make it a nasty fight. --By Barbara Kiviat...