Singapore court approves Jetstar Asia debt settlement to Repay 194,200 Consumers

Singapore court approves Jetstar Asia debt settlement to Repay 194,200 Consumers
Image: traicy.com

Written by AI from 1 report listed below. Not checked by a person before publication. How we use AI

The Singapore International Commercial Court approved Jetstar Asia’s debt settlement plan, which will reimburse approximately 194,200 consumers who hold unused tickets, reservations, or vouchers.

Jetstar Asia will cease operations on 31 July 2025 and liquidate the company in a solvent state, creating an “administrative convenience class” of the consumer creditors who are deemed to have unanimously approved the plan without voting; nine non‑consumer creditor companies also voted in favor, while Pacific Airlines withdrew its objection after reaching a settlement with the applicant the day before the hearing.

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