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 Airlines
Famous quotes containing the word history:
“A great proportion of the inhabitants of the Cape are always thus abroad about their teaming on some ocean highway or other, and the history of one of their ordinary trips would cast the Argonautic expedition into the shade.”
—Henry David Thoreau (1817–1862)
“The awareness that health is dependent upon habits that we control makes us the first generation in history that to a large extent determines its own destiny.”
—Jimmy Carter (James Earl Carter, Jr.)
“Revolutions are the periods of history when individuals count most.”
—Norman Mailer (b. 1923)