12 Dec '11, 1am

Qantas pushing ahead with plans for joint-venture Asian premium airline, with Singapore a likely base

Qantas pushing ahead with plans for joint-venture Asian premium airline, with Singapore a likely base

Qantas chief Alan Joyce on Monday said he was pushing ahead with plans for a joint-venture premium airline in Asia while insisting damage to the brand from grounding the fleet was only 'temporary'. -- PHOTO: AP SYDNEY (AFP) - Qantas chief Alan Joyce on Monday said he was pushing ahead with plans for a joint-venture premium airline in Asia while insisting damage to the brand from grounding the fleet was only 'temporary'. Uncertainty over global economic conditions and volatile fuel prices have sparked reports that the airline was ready to shelve plans for an Asian carrier as part of its strategy to refocus on the fast-growing region. But Mr Joyce said talks were ongoing, with Kuala Lumpur or Singapore seen as the most likely base. 'We have announced our plans to invest in a premium airline based in Asia,' he said at an investor presentation.

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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