Qantas said the aircraft will be used to defend its 65 percent domestic Australian market share and expand its low-cost subsidiary Jetstar's aggressive expansion in Asia with new bases in Darwin and Perth over the next two years. Qantas held its annual shareholder meeting on Wednesday. Shareholder groups and some key institutional shareholders have expressed disappointment in the strong support by Qantas management for a A$5.45 per share takeover offer by a private equity consortium earlier this year. Since shareholders voted against the offer, Qantas shares have risen to as high as A$6.06.