Qantas merger talks end

RNS Number : 3652K

British Airways PLC

18 December 2008

 



QANTAS MERGER TALKS END

British Airways Plc and Qantas Airways Ltd are announcing that after detailed discussions about a potential merger, talks have ended.

Despite the potential longer term benefits to both British Airways and Qantas, the airlines have not been able to come to agreement over the key terms of a merger at this time.

British Airways and Qantas will continue to work together on their joint business between the UK and Australia and as part of the oneworld alliance.

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December 18, 2008 171/LG/08

NOTES TO EDITORS

Given the cessation of discussions between British Airways and Qantas, the additional disclosure obligations regarding dealings in British Airways and Qantas shares as required by the City Code on Takeovers and Mergers no longer apply. 

Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward looking statements. 

Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan programs, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 

It is not reasonably possible to itemize all of the many factors and specific events that could cause the Company's forward looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Fuller information on some factors which could result in material difference to the results is available in the company's Annual Report for the year ended 31 March 2008, which is available on www.bashareholders.com.

 

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