Jetstar Airways Pty Ltd, trading as
Jetstar, is an Australian
low-cost airline (self-described as "value based") headquartered in
Melbourne, Australia. It is a wholly owned subsidiary of
Qantas, created in response to the threat posed by low-cost airline
Virgin Blue. Jetstar is part of Qantas' two brand strategy of having Qantas Airways for the premium full-service market and Jetstar for the low-cost market. Jetstar carries 8.5% of all passengers travelling in and out of Australia.