Merger talks between Qantas and BA have collapsed with the two companies unable to reach agreement over “key terms” of any tie up.
In a statement Qantas said: "Despite the potential longer term benefits for Qantas and BA, the airlines have not been able to come to an agreement over the key terms of the merger, at this time.
Qantas chief executive Alan Joyce had previousl warned the deal faced major hurdles and would only go ahead if Qantas could secure major revenue and cost benefits.
Other complications included BA's pension-fund liabilities and BA's separate merger talks with Spain's Iberia, as Qantas had ruled out a three-way merger.
Source: Routes News