BA and Qantas in merger talks

British Airways
has announced it is in talks about a possible merger with Qantas.

The airline
released the following statement at lunchtime today (December 2):

‘In response to recent media speculation, British Airways Plc confirms that it
is exploring a potential merger with Qantas Airways Limited via a dual-listed
company structure.  

The discussions between British Airways and Iberia are continuing.

There is no guarantee that any transaction will be forthcoming and a further
announcement will be made in due course, if appropriate.’

BA currently has a Joint Services Agreement
(JSA) with Qantas, covering routes between Europe, Asia and Australia. Both
airlines are founding members of the Oneworld airline alliance.

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