From the Australian, more here. I was looking forward to giving the new airline a try. Qantas to abandon plan for new premium airline in Asia QANTAS Airways Ltd is poised to abandon its plan to establish a new premium airline in Asia, The Australian Financial Review reported today local time, citing a company interview. Qantas executives will shelve their development plans for a multimillion dollar investment in a Singapore and Kuala Lumpur based subsidiary airline in favour of a lower risk alliance with Malaysia Airlines, the newspaper reported. The two airlines are reportedly working towards a letter of intent for the new partnership and a code-sharing alliance is expected to allow joint marketing, scheduling and pricing six to nine months after an agreement is reached.