Now Malaysia Airlines is apparently going to go the way of ONE WORLD!
KLM's merger discussions with BA & NWA has had talks with AA. Qantas and BA have been concerned over the impact of Star Alliance’s Singapore Airlines’ new equity links with Air New Zealand and Ansett and they have been wooing MH for quite awhile now.
http://www.flyertalk.com/forum/Forum87/HTML/000014.html
Qantas is rumored to be buying a stake in MH.