Emirates is not a member of any airline alliance, whereas Quantas is a member of Oneworld. However in January 2013, Emirates and Quantas, two rival firms, formally entered into a partnership allowing Quantas Airbus 380. Quantas customers can enjoy the concourse, while waiting for their connecting flights to Europe. In exchange, Quantas moved their hub for European flights from Singapore to Dubai. Neither airline owns shares of the other, but they work together to better coordinate price, sales, and schedules. Quantas CEO Alan Joyce believes the partnership is a first of its kind and different from traditional alliances.