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Orange Star

From Wikipedia, the free encyclopedia

This article is about the airline holding company. For the fictional country, see Wars (series).

Orange Star (Chinese: 橘星) is an airline holding company that was formed on 24 July 2005, when Jetstar Asia Airways and Valuair announced their merger in the light of growing competition from other low-cost carriers, price wars and rising fuel costs.[1] Jetstar Asia Chief Executive Officer (CEO) Chong Phit Lian became the CEO of Orange Star. Jetstar Asia employs the Navitaire system, while Valuair uses a Sabre platform. The new company will have a nine-member board, with Qantas CEO Geoff Dixon slated to be chairman.

Like constituent air carriers Jetstar Asia and Valuair, Orange Star is based in Singapore at Singapore Changi Airport.

Qantas is reported to have invested around $30 million (US$18 million) in the venture, and will take a 44.5 per cent stake in Orange Star. Other shareholders will include Temasek Holdings, Tony Chew with 22% in Jetstar Asia and FF Wong with 10% in Jetstar Asia, Singapore Exchange-listed Asiatravel.com and Star Cruises. The latter is a major investor in Valuair.

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Transcription

References

  1. ^ "Singapore budget carriers to merge".
This page was last edited on 28 September 2023, at 12:01
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.
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