Qantas subsidiary Jetstar Airways and AirAsia "have entered discussions regarding a potential cost-saving joint venture," QF said in a statement last week. A Jetstar spokesperson told Dow Jones that the companies are "looking at ways we can further cut costs through economies of scale" via cooperation on airport operations and procurement. "We both compete for passengers from a growing pool, and that clearly will remain." A source told Dow Jones that no cross-ownership is involved. Both ...

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