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BA is in merger talks with Qantas | BA is in merger talks with Qantas |
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British Airways has said that it is exploring a potential merger with the Australian flag-carrier Qantas Airways. | British Airways has said that it is exploring a potential merger with the Australian flag-carrier Qantas Airways. |
The British flag-carrier cautioned that there was "no guarantee that any transaction will be forthcoming". | The British flag-carrier cautioned that there was "no guarantee that any transaction will be forthcoming". |
In a statement, BA said that the merger would be through the creation of a dual-listed company, so it would be listed in London and Australia. | In a statement, BA said that the merger would be through the creation of a dual-listed company, so it would be listed in London and Australia. |
BA said that its discussions with the Spanish flag-carrier Iberia are also still continuing. | BA said that its discussions with the Spanish flag-carrier Iberia are also still continuing. |
The future of Qantas has been uncertain since an 11bn Australian dollar ($7.1bn; £4.8bn) bid for it from Airline Partners Australia (APA) collapsed last year due to lack of support from shareholders. | |
There is an EU investigation underway into a proposed revenue sharing deal between BA and American Airlines, which would allow them to agree fares, routes and schedules together. | |
It is a time of consolidation in the airline sector, which was hit by the high prices of fuel earlier in the year and is vulnerable to the economic downturn. |