Singapore-based budget airline Jetstar Asia will close down at the end of July, its Australian owner Qantas has announced. The low-cost carrier has struggled with rising supplier costs, high airport fees and increased competition from other airlines in the region.

The Jetstar Asia aircraft will boost the Qantas Group’s operations in Australia and New Zealand in multiple ways. Some of the A320s will be used for capacity growth, some will replace leased narrowbodies, and others will be used for fleet renewal in the group’s regional operation in Western Australia.