Meanwhile, Australia's Qantas Airways contributed more than $10 million, keeping its 30 per cent stake in the joint venture.

Jetstar Pacific General Director Le Hong Ha told Transport newspaper that increase in capital was made at the end of June, and shareholders agreed to increase its charter capital to nearly $121.5 million.

Saigontourist Travel Services did not buy out more shares of the low cost airline, reducing its ownership stake from over 6.1 per cent in 2008 to one per cent at present.

He said that the carrier would continue cooperating closely with its business partner Jetstar to carry out the plan in the future. The airline is expected to open new domestic routes from Ha Noi to Vinh and HCM City to Thanh Hoa this September. New international routes will also be launched this year, including HCM City to Singapore in October and HCM City to Bangkok in December.

Jetstar Pacific now has 10 Airbus A320 aircrafts, and is projected to increase its fleet to 15 in 2016.