Australia's Qantas drops plans to buy mining charter operator Alliance Aviation

Alliance Aviation Services

18/10/2023 22:53

Oct 19 (Reuters) - Australia's Qantas Airways  QAN.AX 
said on Thursday it will drop the A$611 million ($387 million)
plans to buy out charter flight operator Alliance Aviation
Services  AQZ.AX  after the country's competition regulator
blocked the deal in April. 

($1 = 1.5785 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by
Shailesh Kuber)
 ((Rishav.Chatterjee@thomsonreuters.com;))