History
The airline was established in 1991, and started operations in April of the same year. It has undergone a number of corporate restructurings since then. As result of July 2007 ownership change, Jetstar Pacific Airlines Joint Stock Aviation Company (formerly Pacific Airlines Joint Stock Aviation Company) is owned by State Capital Investment Corporation (SCIC) of Vietnam, Saigontourist, Luong Hoai Nam (CEO) and Qantas of Australia. Qantas had a 27% share, which gradually increased to 30% in 2010. Qantas owns 100% of Jetstar Airways in Australia and 42.5% of Jetstar Asia Airways in Singapore.
On 13 February 2007, Pacific Airlines changed its business model, becoming the first Vietnamese low-cost carrier to operate domestic and regional flights.
Read more about this topic: Jetstar Pacific
Famous quotes containing the word history:
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)
“The history of literature—take the net result of Tiraboshi, Warton, or Schlegel,—is a sum of a very few ideas, and of very few original tales,—all the rest being variation of these.”
—Ralph Waldo Emerson (1803–1882)
“In nature, all is useful, all is beautiful. It is therefore beautiful, because it is alive, moving, reproductive; it is therefore useful, because it is symmetrical and fair. Beauty will not come at the call of a legislature, nor will it repeat in England or America its history in Greece. It will come, as always, unannounced, and spring up between the feet of brave and earnest men.”
—Ralph Waldo Emerson (1803–1882)