Qantas ends joint venture talks with Malaysia Airlines
9 March 2012Talks 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
