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:
“English history is all about men liking their fathers, and American history is all about men hating their fathers and trying to burn down everything they ever did.”
—Malcolm Bradbury (b. 1932)
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“Both place and time were changed, and I dwelt nearer to those parts of the universe and to those eras in history which had most attracted me.”
—Henry David Thoreau (1817–1862)