Australia's competition regulator opposes Qantas' acquisition of Alliance Aviation

Alliance Aviation Services

20/04/2023 24:25

April 20 (Reuters) - Australia's competition regulator
said on Thursday that it was opposing Qantas Airways Ltd's
 QAN.AX  proposed A$610.8 million ($409.48 million) acquisition
of Alliance Aviation Services Ltd  AQZ.AX  as it would
substantially reduce competition.

($1 = 1.4916 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru; Editing by Anil
D'Silva)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))