announcement. Qantas Airways Ltd CEO Alan Joyce, said the parties "have the purchasing power to influence aircraft makers" to design the next generaton of narrow body aircraft for the LCC industry. Joint procurement of airplanes will help the parties save and will modify the current aircraft deliveries." Qantas owns Jetstar group which has operations in Australia and joint ventures in has operations in Thailand and Indonesia and owns a stake in AirAsia X. "This is a historic alliance and the world's first and we hope to lead the way. This is the foundation to a beginning of a relationship that will lead to joint ventures and huge cost savings. This will reinforce Qantas group's position in Asia as we continue to focus on Asia," Joyce added, He said the alliance would have no impact on maintenance of the Qantas/Jetstar group aircrafts. He stressed that it was a non-equity