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Qantas ends joint venture talks with Malaysia Airlines

9 March 2012

Talks between Australia’s Qantas and Malaysia Airlines to establish a premium airline in Asia have broken down, in a setback for both carriers.

Qantas said the two sides could not agree on commercial terms. Qantas shares fell 4% in Sydney.

Qantas has announced plans to focus on the Asia region as a way to stem losses in its international business.

source: BBC.co.uk

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