BA confirms Qantas merger talks

British Airways has revealed that it is exploring a potential merger with Qantas Airways. The company released a confirmation statement but was careful to point out that there is no guarantee that a deal will take place.The statement reads:

“In response to recent media speculation, British Airways has confirmed 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.”

The news follows the new that Australian government may be prepared to relax the rules on foreign ownership.

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Under current Australian law, Qantas must be at least 51% Australian-owned.
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