Qantas' (QUBSF.PK) JV to create a budget airline with JAL and Mitsubisi (MSBHY.PK) is part of a major revamp at the Aussie carrier, which is also setting up a premium Asian airline, ordering $9B of Airbus (EADSY.PK) A320 jets jets, halting some long-haul routes, and cutting 1,000 jobs.
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