Orange Star
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Orange Star (Chinese: 暂译：橘星) is a holding company that formed on July 24, 2005 when Jetstar Asia and Valuair announced their merger in light of growing competition from other low-cost carriers, price wars and rising fuel prices. Jetstar Asia CEO Ken Ryan became the CEO of Orange Star and declared that the two airlines would stay separate for the time being largely due to their different operating systems. Jetstar Asia employs the Navitaire system, while Valuair uses a Sabre platform. The new company will have a nine-member board, with Qantas CEO Geoff Dixon slated to be chairman.
Like Jetstar Asia and Valuair, Orange Star is based in Singapore at Singapore Changi Airport.
Qantas is reported to be investing around $30 million (US$18 million) in the venture, and will take a 44.5 per cent stake in Orange Star. Other shareholders will include Temasek Holdings, Tony Chew with 22% in Jetstar Asia and FF Wong with 10% in Jetstar Asia, Singapore Exchange-listed Asiatravel.com and Star Cruises. The latter is a major investor in Valuair.
