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Qantas to exit Vietnam joint venture amid coronavirus slump

Jetstar Pacific will lean on Vietnam Airlines to navigate post-pandemic market

Jetstar Pacific Airlines, Vietnam's second-largest budget carrier, was hit hard by weak demand for domestic flights during the coronavirus lockdown.   © Reuters

HANOI -- Australian flag carrier Qantas Airways said Monday that it is leaving its joint venture with Vietnam Airlines amid growing headwinds from the coronavirus outbreak.

Qantas currently owns 30% of Vietnamese budget carrier Jetstar Pacific Airlines. Sources familiar with the matter say the Australian carrier is in talks to sell the entire stake to Vietnam Airlines, which owns roughly 69% of the venture.

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