Yesterday, it was confirmed that the Qantas Group will be keeping the focus on Asia for growth, by Qantas boss Alan Joyce when giving speech at the Lowy Institute Within five years, the rival Virgin Blue will be outstripped by the low-cost Jetstar in size, it was declared by him. 

The size of global industry will be tripled, if the Asians travelled as frequently as US citizens, it was pointed out by Joyce. To compete in such a big market, is a great risk.

When dealing with nations with different political and economic system, there is the country risk. When you are required to form joint ventures to do business, there are partner risks.

Govt. related interference or abrupt regulatory change constitutes competitive risks. The risk of investing in new countries goes on and on.

With destinations in 17 countries including Australia, Jetstar today is one of the fasting growing airlines in the Asia-Pacific region. With a promise of massive increase in passengers, Asia is the future of aviation and Qantas is gearing up to take advantage of the growth, he further said.