Qantas Airways and Jetset Travelworld Limited announced a proposed merger
. Under terms of the deal, travel agency group Jetset would acquire Qantas Business Travel and Qantas Holidays while Qantas obtains a 58 percent of Jetset's share capital. According to Qantas, Qantas Business Travel is Australia's "largest corporate travel management business." The transaction requires approval from regulators and Jetset shareholders.