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Lion Air reportedly in talks to buy Qantas stake in Jetstar

Indonesian carrier Lion Air is in talks with Australia’s Qantas Airways to buy its 49 per cent stake in Singapore-based budget airline Jetstar Asia, reported Reuters.

SINGAPORE: Indonesian carrier Lion Air is reportedly in talks with Australia’s Qantas Airways to buy its stake in Singapore-based budget airline Jetstar Asia.

Reuters reported on Monday that the talks to acquire Qantas’ 49 per cent stake in Jetstar are still at an early stage, citing an unidentified person familiar with the matter.

The source also said any purchase would have to be approved by Singapore regulators. It is not known how much the potential deal would be worth.

According to Reuters, a Qantas spokesperson called the matter “speculation”, while Jetstar and Lion Air declined to comment.

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