Jetstar Airways (subsidiary of QANTAS Airways) (Melbourne) and AirAsia (AirAsia.com) (Malaysia) (Kuala Lumpur) are expected to announce a new strategic alliance on January 6. The two groups have been discussing how they can cooperate for the past year.

News link:

biz.thestar.com.my/news/story.asp?file=/2009/12/31/business/5389706&sec=business