Australia's Qantas Airways will close its Singapore-based budget airline Jetstar Asia, the group said on Wednesday, blaming rising supplier costs, high airport fees and strong regional competition. The shutdown of the 20-year-old airline next month will result in up to 500 job losses,

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.

Those who have an active booking with Jetstar Asia can get the latest information through the airline's travel alert page. The airline said it will offer "increased flexibility" for their customers before the closure. The latest schedule updates and travel advice will also be on Jetstar Asia's travel alert page.