I think this is actually a very important moment in aviation history
For the last so many years the new Middle Eastern carriers have not been looked upon favorably. And I think many hoped that they would just disappear altogether. But this is the moment a historic carrier ditches its long standing deal with another historic carrier and teams up with the new breed. Essentially accepting the fact that these new carriers have their place in the market, and a strong one at that.
I doubt 50 years ago any Australian or Brit involved in aviation would have imagined that a day would come when Qantas and BA would break off a partnership so that one could team up with a carrier out of Dubai. (Which at that time looked like this