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Qantas preliminary discussions between Jetstar and AirAsia

Direct News Source

18-Dec-2009  Company Announcements Office, Australian Securities Exchange Limited

Dear Sir/Madam

Preliminary Discussions Between Jetstar and AirAsia.

Qantas confirms that its wholly owned subsidiary, Jetstar, and AirAsia have entered discussions regarding a potential cost saving joint venture.

However, these discussions are at a preliminary stage and no binding agreements have been reached. Qantas will further update the market as necessary to ensure continued compliance with ASX Listing Rule 3.1.

Yours faithfully
Cassandra Hamlin