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Qantas Group and IAG to terminate joint business from 31-Mar-2013

6-Sep-2012 10:06 AM

Qantas Group and International Airlines Group (IAG) announced (06-Sep-2012) plans to terminate their joint business arrangement from 31-Mar-2013. The termination follows Qantas' entering into a global partnership with Emirates. The Qantas-IAG joint business was established in 1995. Qantas Group CEO Alan Joyce said, "Over the past 17 years the joint business with British Airways has been central to the Qantas network. However, global operating conditions have changed and partnership with Emirates is the right strategy for Qantas." IAG CEO Willie Walsh said, "We’re ending the joint business on amicable terms and support Qantas’ decision to work with Emirates. The world has changed since 1995 when the joint business started. This is a small part of our overall network and this move fits in with changes in our global strategy. Asia has become a key market focus for IAG and we’re talking to a number of airlines about alternative options for us." Qantas' codeshare agreements with Cathay Pacific to Rome and Air France to Paris will also be terminated. [more - original PR] [more - CAPA Analysis]