Qantas Airways (ASX:QAN) has entered a non-binding agreement to sell its entire 33.32% minority stake in Jetstar Japan to Japan Airlines, signaling a major shift toward a local, Japanese-led ownership structure for the low-cost carrier.
The divestment, announced under a memorandum of understanding, is part of a broader strategic move by Qantas to exit its intra-Asia subsidiaries.
This follows the permanent closure of Singapore-based Jetstar Asia in July 2025.
By offloading its stake in the Japanese venture, Qantas aims to redeploy capital into its core domestic and international operations in Australia and New Zealand.
A final agreement is expected by July 2026, with the full transition of ownership and share transfer procedures slated for completion by June 2027.