Australian regulator raises concerns on Qantas buying out charter operator

Alliance Aviation Services

18/08/2022 24:58

SYDNEY, Aug 18 (Reuters) - Australia's competition regulator
said on Thursday that Qantas Airways Ltd's  QAN.AX  proposed
purchase of the remainder of charter operator Alliance Aviation
Services Ltd  AQZ.AX  for A$610.8 million ($423.41 million)
raised concerns.
    "We are concerned that this proposed acquisition is likely
to substantially lessen competition for air transport services
to and from regional and remote areas in Queensland and Western
Australia for corporate customers," Australian Competition and
Consumer Commission (ACCC) Chair Gina Cass-Gottlieb said in a
statement.
($1 = 1.4426 Australian dollars)

 (Reporting by Jamie Freed; Editing by Muralikumar Anantharaman)
 ((Jamie.Freed@thomsonreuters.com;))