BA, Qantas reveal merger discussions

Source : ATW Daily

" British Airways and Qantas are exploring a potential merger "via a dual-listed company structure," both carriers confirmed yesterday in a brief statement responding to recent speculation. The oneworld partners warned that there is "no guarantee that any transaction will be forthcoming" and did not offer any timeline for a possible transaction. Revelation of the merger discussions coincided with the publication of a proposal by the Australian government to relax the rules of foreign ownership in Qantas (see story below). The plans will not permit a full takeover of the flag carrier but will allow a single foreign entity to own up to 49%. Currently, a single foreign entity can own only 25% and a group of foreign entities or airlines can hold up to 35%." La suite.