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:
“So in accepting the leading of the sentiments, it is not what we believe concerning the immortality of the soul, or the like, but the universal impulse to believe, that is the material circumstance, and is the principal fact in this history of the globe.”
—Ralph Waldo Emerson (1803–1882)
“The history of all countries shows that the working class exclusively by its own effort is able to develop only trade-union consciousness.”
—Vladimir Ilyich Lenin (1870–1924)
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)