> BA, Qantas reveal merger discussions 12 2008 10:12
British Airways and Qantas are exploring a potential merger "via a dual-listed company structure," both carriers confirmed on 2 December 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. 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%.
Source: ATW Online
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