Orange Star is an airline holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 that was formed on July 24, 2005, when Jetstar Asia Airways

Jetstar Asia Airways

Jetstar Asia Airways Private Limited , operating as Jetstar Asia, is a low-cost airline headquartered in Singapore. It is the Asian offshoot of Qantas Jetstar Airways...

 and Valuair

Valuair

Valuair Limited is a Singapore-based low-cost carrier. It was launched in 2004, offering initial services to Bangkok and Hong Kong. It differentiates itself from other low-cost carriers in that it offers frills such as a baggage allowance of over 20 kg, in-flight food, allocated seats, and...

 announced their merger in the light of growing competition from other low-cost carrier

Low-cost carrier

A low-cost carrier or low-cost airline is an airline that generally has lower fares and fewer comforts...

s, price wars and rising fuel costs. Jetstar Asia Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 (CEO) Chong Phit Lian became the CEO of Orange Star. Jetstar Asia employs the Navitaire system, while Valuair uses a Sabre

Sabre (computer system)

Sabre Global Distribution System , owned by Sabre Holdings, is used by more than 55,000 travel agencies around the world with more than 400 airlines, 88,000 hotels, 24 car rental brands, and 13 cruise lines...

 platform. The new company will have a nine-member board, with Qantas

Qantas

Qantas Airways Limited is the flag carrier of Australia. The name was originally "QANTAS", an initialism for "Queensland and Northern Territory Aerial Services". Nicknamed "The Flying Kangaroo", the airline is based in Sydney, with its main hub at Sydney Airport...

 CEO Geoff Dixon

Geoff Dixon

Geoff Dixon is an Australian corporate executive and former CEO and Managing Director of Qantas.-Qantas:...

 slated to be chairman.

Like constiuent air carriers Jetstar Asia and Valuair, Orange Star is based in Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 at Singapore Changi Airport

Singapore Changi Airport

Singapore Changi Airport , Changi International Airport, or simply Changi Airport, is the main airport in Singapore. A major aviation hub in Southeast Asia, it is about north-east from the commercial centre in Changi, on a site....

.

Qantas is reported to have invested 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

Temasek Holdings

Temasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion at end of March 2011, focused primarily in Asia...

, Tony Chew with 22% in Jetstar Asia and FF Wong with 10% in Jetstar Asia, Singapore Exchange-listed Asiatravel.com and Star Cruises

Star Cruises

Star Cruises , a member of Genting Hong Kong, is the sixth largest cruise line in the world behind companies such as Carnival Corporation and Royal Caribbean Cruises...

. The latter is a major investor in Valuair.

External links

• Jetstar Asia
• Valuair
• Qantas
• Temasek Holdings
• Star Cruise