Qantas Airways has confirmed that it is in talks with airlines including Emirates regarding a potential alliance.
This comes as media reports in Australia say that the flag carrier is on the brink of an alliance with Emirates to revive its loss-making international arm.
The alliance will likely give Qantas greater access to passengers from Emirates' hub in the Middle East and also see Qantas re-route its London-bound flights through Dubai, the reports add.
In a statement to the Australian Securities Exchange, Qantas said it is in talks with a number of airlines about "potential alliances". Strengthening such partnerships is one of four pillars of the group's five-year strategy, as announced last August, it adds.
"At any one time, Qantas may be in contact with a wide range of companies about potential commercial cooperation," says Qantas.
The carrier, however, declined to comment on the nature or status of these discussions.
It is also unclear whether Qantas and Emirates would form a codeshare agreement or something more complex.
This comes shortly after Etihad Airways doubled its stake in Virgin Australia to 10% last week, a move Qantas has opposed.
The reports sent Qantas' share price soaring by 9.6% on 26 July.