Economic Calendar

Sunday, December 7, 2008

Qantas, British Airways Heads to Meet in Hong Kong, Review Says

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By Jesse Riseborough

Dec. 6 (Bloomberg) -- Qantas Airways Ltd. Chief Executive Officer Alan Joyce and British Airways Plc counterpart Willie Walsh will meet in Hong Kong this weekend for talks on a potential merger, the Australian Financial Review reported.

The outcome of their discussions will be put before the boards of both companies to determine whether the merger should proceed, the paper said, without citing anybody.

Qantas advisers, Macquarie Group Ltd. and Greenhill & Co., will resume talks with British Airways advisers UBS AG after the Christmas break to complete an appropriate merger ratio, the paper said.

To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net




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