BA in merger talks with Qantas

Potential link with Australian carrier

BA confirmed today (December 2) that it is in merger talks with Qantas.

It said it was exploring a potential merger with the Australian carrier and fellow member of the oneworld alliance.

BA's full statement read: "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's talks with Iberia were progressing well, Willie Walsh, its ceo, said in October and could reach a conclusion next March.

BA which has also applied to the US Department of Transportation for anti-trust immunity with  American Airlines and Iberia, also both oneworld members, to allow closer co-operation between the three carriers.

A decision is due next year.

BA which in recent months has talked of creating a super airline, has also been linked with another oneworld member Cathay Pacific.

www.ba.com  www.qantas.com.au  http://grupo.iberia.es   www.americanairlines.co.uk  www.cathaypacific.com