Qantas, Emirates ink 10-year partnership deal
SYDNEY (AP) - Qantas Airways Ltd. announced on Thursday that it has signed a 10-year partnership deal with rival Emirates in a bid to boost the Australian airline's struggling international division.
Under the alliance, Qantas will move its hub for European flights from Singapore to Dubai, coordinate with Emirates on ticket pricing and scheduling and apply a benefit-sharing model starting in April 2013. The deal is subject to regulatory approval.
Qantas said it will end its 17-year alliance with International Airlines Group's wholly owned subsidiary British Airways on March 31, 2013.
Neither Emirates nor Qantas will take equity in the other under the deal.