With BA selling its stake in Qantas, there's a reasonable chance that SQ could step in to buy its share. (Qantas' CEO is a big fan of SQ.)

This article hints that without BA keeping them in, Qantas might not necessarily stick with Oneworld.

http://www.smh.com.au/articles/2004/...530696122.html

It would be excellent if Qantas would come into the *A fold. Since Ansett folded, there's been a big hole in their coverage down here in Oz.