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Tuesday, April 24, 2012

Qantas could base premium Asian carrier in S'pore

Qantas is still keen on a premium airline serving the Asian market, with Singapore a possible base for the carrier, according to chief executive Alan Joyce.

Qantas' plans were dealt a blow after talks with possible joint venture partner Malaysia Airlines failed last month, with the two airlines "unable to reach mutually agreeable commercial terms", according to Mr Joyce.

But he told The Australian that while the setback would delay the process, the Australian carrier was not shelving its plans.

"This will take a bit longer than we originally thought, but we're still keen to set up a premium airline in Asia and we're still looking at a range of options available to us - and Singapore is one of them" said Mr Joyce.

"We work with (the Singapore government) on a range of issues and one of them is keeping the door open to the possibility of a premium airline."

"The premium airline probably would have made it harder because it would have lost money in the first few years - but it's to fix the longer-term problem of Qantas being relevant in Asia, related to the premium traffic," Mr Joyce said.

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