Qantas Splits to Concentrate on Restructuring Programs
1st Jun 2012
Qantas has embarked on a massive restructuring program as it intensifies its effort to make its international operations profitable again. Part of this program is the shelving of a joint venture that Jetstar has entered into with other companies.
As a result of the restructuring program, the international and domestic operations of Qantas will now become separate units. The exit of Bruce Buchanan from Jetstar's top helm was designed to make its international unit more responsible.