About Jetstar
Jetstar is a Transportation, Automotive & Logistics company based in Melbourne (Australia) founded in 2004, and was acquired by Penn Tank Lines in July 2022. Low-cost airline offering economy air travel services. Jetstar has raised $8 million across 2 funding rounds from investors including Qantas, Vietnam Airlines and NewStar Financial. Its chief executive, as recorded, is Gareth Evans. Its website jetstar.com draws about 17 million monthly visits. Its focus areas include Travel and Hospitality, Passenger Airlines and Transportation and Logistics.
Company details
Jetstar was founded in 2004 in Melbourne, Australia, as a low-cost carrier in the aviation sector. Air transportation services are operated to multiple destinations, with an emphasis on affordability and operational efficiency. Basic economy fares are offered, along with optional add-ons for baggage, seating, and other features. Flight bookings and management are handled via an online platform, and ancillary services such as travel insurance are available.
- Headquarters Melbourne, Australia
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website category Travel and Tourism · Air Travel
- Email••••••••
- Website jetstar.com
- Social LinkedIn X
- Acquired by Penn Tank Lines (Jul 2022)
- Total Equity Funding$8M (USD)
in 2 rounds
- Latest Funding Round$8M (USD), Series B
Feb 2012
- InvestorsQantas
& 4 more
- Acquired by
Funding Insights of Jetstar
Jetstar has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in February 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8M
- Total Rounds 2
- Last Round Series B — $8M
- First Round $43M
(Feb 2006)
- Investors Count 2
All 2 funding rounds of Jetstar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2012 | $8M | Series B | – | – | |
| Feb 2006 | $43M | Debt – Conventional | – | – |
5 investors in total: 5 institutional.
Investors in Jetstar
Jetstar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Qantas, Vietnam Airlines and NewStar Financial.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are targeted at the lower mid-market. | parallelip.com | Dallas, United States | ||
Provider of air travel services and loyalty programs | 1920 | qantas.com | Mascot, Australia | |
Financial services are provided by NewStar Financial in Boston. | 2004 | newstarfin.com | Boston, United States | |
Offers petroleum, aviation, flatbed, and food-grade hauling services across multiple states. | 1997 | penntanklines.com | ||
Domestic and international air routes are operated by Vietnam Airlines. | 1956 | vietnamairlines.com | Hanoi, Vietnam |
Investor details for Jetstar
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People of Jetstar
246 people are tracked at Jetstar (16 in leadership, 230 in team).
| Name | Role | Group |
|---|---|---|
Gareth Evans | CEO | Leadership |
Bara Pasupathi | Chief Executive Officer | Leadership |
Ang Chee Keong | Head of Engineering | Leadership |
Michael Kogan | Head Of Integrated Planning | Leadership |
Eloise Curry | Head Of Legal - Jetstar Airways | Leadership |
Dominic Abbott | Acting Head Of Digital | Leadership |
Simon Hughes | Chief Technology Officer | Leadership |
Xu Haibing | Regional General Manager Of SE Asia & Greater China | Leadership |
Blake Arrowsmith | Head Of Technology - Airline Operations | Leadership |
Daniel Banens | Executive Director, Jetstar Japan | Leadership |
Ryan Campbell | Head Of Technology - Customer & Corporate Technology | Leadership |
Evan Kruse | Head Of Sales | Leadership |
Lucy Brown | Head Of Technology Strategy And Portfolio | Leadership |
Alex Hopkins | Head Of Data, Analytics And Automation | Leadership |
Dustin Lewis | Head Of Strategy And Transformation | Leadership |
Carolyn Pierre | Head Of Product & Ancillary Revenue | Leadership |
John Wong | Technical Specialist B787 Structures | Team |
Colin Williams | Line Maintenance Manager -qld | Team |
Nalinda Meemaduma | Line Maintenance Production Planner | Team |
Rahul S. | Delivery Lead - Technology Enablement | Team |
226 more people are available in the full profile.
Complete people profiles for Jetstar
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Timeline of Jetstar
6 dated milestones of Jetstar across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Jetstar is founded.
- Funding First funding round of $43.0M.
- Exit Acquired by Parallel Investment Partners.
- Funding Latest funding round, Series B, of $8.0M.
- Exit Acquired by Vietnam Airlines.
- Exit Acquired by Penn Tank Lines.
Web traffic of Jetstar
The website of Jetstar (jetstar.com) receives about 17M visits a month and ranks #2,640 among all websites worldwide, #61 in Air Travel.
- Monthly visits17M
▲ 19.6% vs previous month
- Unique visitors4.5M
per month
- Global rank#2,640
among all websites
- Category rank#61
Travel and Tourism · Air Travel
- Bounce rate28%
- Pages per visit7.1
- Average visit5 min 57 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with Jetstar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| virginaustralia.com | 100% | 6.8M | #7,044 | View details | |
| qantas.com | 90% | 14.5M | #2,752 | View details | |
skyscanner.com.au | skyscanner.com.au | 89% | #5,183 | – | |
| flightcentre.com.au | 85% | 3.3M | #19,731 | View details | |
| airnewzealand.co.nz | 84% | 5.2M | #11,516 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Jetstar
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Related news about Jetstar
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Frequently Asked Questions about Jetstar
Jetstar was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Jetstar is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Gareth Evans is the CEO of Jetstar, as recorded in our data.
Jetstar is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $43M, raised on Feb 2006.
Jetstar was founded in 2004 in Melbourne, Australia, as a low-cost carrier in the aviation sector. Air transportation services are operated to multiple destinations, with an emphasis on affordability and operational efficiency. Basic economy fares are offered, along with optional add-ons for baggage, seating, and other features. Flight bookings and management are handled via an online platform, and ancillary services such as travel insurance are available.
Jetstar has 5 investors. Key investors include Qantas, Vietnam Airlines, NewStar Financial, Parallel Investment Partners, and Penn Tank Lines.
Yes. Jetstar was acquired by Penn Tank Lines in July 2022.
The website of Jetstar receives about 17 million visits a month and ranks #2,640 among all websites worldwide.