Qantas confirms preliminary discussions between Jetstar and AirAsia

Qantas confirmed (18-Dec-2009) Jetstar and AirAsia are currently in preliminary discussions regarding a potential cost saving JV. The JV agreement will reportedly cover aircraft procurement and ground handling, and is estimated to cut costs by approximately 5-10% (The Australian, 18-Dec-2009). The agreement would not involve equity. [more]