Japan Airlines has confirmed Qantas Group will exit Jetstar Japan through a share buyback and cancellation, with the Development Bank of Japan entering as the new shareholder to secure domestic financial backing. The transaction involves Jetstar Japan issuing new shares to DBJ, using proceeds to repurchase Qantas’s 33.32% stake, while JAL retains its 50% holding and Tokyo Century keeps 16.68%. Final agreement is expected by July 2026, with share transfer and full brand transition completed by June 2027. The Jetstar identity will be replaced by a new brand announced in October 2026, marking the airline’s shift to wholly Japanese ownership and a strategic repositioning within the Narita-based LCC market.