Brief: Australia's ACCC Opposes Qantas’ Acquisition Of Alliance Aviation

Alliance Aviation Services

20/04/2023 24:36

April 20 (Reuters) - Australia's ACCC:
    * ACCC OPPOSES QANTAS’ ACQUISITION OF ALLIANCE
    * HAS CONCLUDED TRANSACTION IS LIKELY TO SUBSTANTIALLY
LESSEN
COMPETITION IN MARKETS FOR SUPPLY OF AIR TRANSPORT SERVICES
    * CONSIDER ALLIANCE TO BE AN IMPORTANT COMPETITOR TO QANTAS,
AND
REMOVAL OF ALLIANCE IS LIKELY TO SUBSTANTIALLY LESSEN
COMPETITION
    * ACCC ALSO RECEIVED CONSIDERABLE FEEDBACK THAT ALLIANCE IS
STRONGLY VALUED BY  CUSTOMERS AS A PARTICULARLY VIGOROUS AND
EFFECTIVE COMPETITOR
    * QANTAS WILL FACE LIMITED COMPETITION IF ALLOWED TO ACQUIRE
ALLIANCE
    * FOUND THAT IT IS UNLIKELY NEW OR EXISTING AIRLINE CAN
EXPAND
QUICKLY TO SCALE THAT WOULD ADDRESS LOSS OF COMPETITION FROM
PROPOSED ACQUISITION

Source text for Eikon:  ID:nASXtjDsb 
Further company coverage:  AQZ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))