Qantas, MAS talks over new premium airline falter - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News
 
Friday . August 22 . 2014
         
Follow TTG Asia on Twitter
TTG ASIA this week
TTG Asia Luxury
 
Share |
Qantas, MAS talks over new premium airline falter
Sim Kok Chwee, Singapore, March 9, 2012
 

TALKS between Qantas Airways and Malaysia Airlines (MAS) to create a premium joint-venture airline based in Kuala Lumpur have fallen through.

 

Qantas' CEO Alan Joyce said it was "due to both parties being unable to reach mutually agreeable commercial terms".

 

Joyce had previously branded this joint venture as a pivotal component of the recovery he sought for Qantas’ international operations, a move that was vehemently opposed by the unions.

 

In a statement issued today, Joyce emphasised that Asia remained a priority for the Sydney-based Qantas and the group would continue to explore opportunities in the region involving “capital-lite” investment, in view of the prevailing economic uncertainty and the need for Qantas to stem international losses.

 

Qantas was the sponsor for MAS' entry into the oneworld alliance.

 

Qantas’ quest to set up a joint-venture airline in Asia began two years ago, with Singapore being most favoured for its extensive connections that also included Qantas, Jetstar and Jetstar Asia flights. Since talks with Singapore authorities were abruptly broken off in 2011, Joyce and his team turned to Kuala Lumpur for negotiations.

Print Top Stories
 
RATE THIS ARTICLE
Poor 1 2 3 4 5 Good
 
COMMENTS
No comment for this article.
 
  POST YOUR COMMENT  
       
  Name:  
Email Address:
Location:
  Comment:  
  Enter the code shown:  
     
     
       
 
Editor's pick >
   
Big data will change hotel management

by Frits van Paasschen

The power of tourism

by Taleb Rifai

Blast from the past

by Raini Hamdi, Prudence Lui, Rosa Ocampo, Greg Lowe and S Puvaneswary

The next-gen travel leaders

by Mimi Hudoyo, Xinyi Liang-Pholsena, Greg Lowe, Prudence Lui, Rohit Kaul, Rosa Ocampo, S Puvaneswary

Cost-light and local boutique hotels

by Loh Lik Peng