Brief: Australia's ACCC Says It Will Consult Further On Virgin Australia/Alliance Airlines Deal

Alliance Aviation Services

21/10/2022 02:06

Oct 21 (Reuters) - Australian Competition & Consumer
Commission:
    * ACCC TO CONSULT FURTHER ON VIRGIN AND ALLIANCE AGREEMENT
    * TO CONSULT FURTHER ON PROPOSED EXTENSION OF VIRGIN
AUSTRALIA AND
ALLIANCE AIRLINES CHARTER ALLIANCE AGREEMENT
    * SEEKING SUBMISSIONS ON DRAFT DETERMINATION PROPOSING TO
DENY
AUTHORISATION TO EXTEND CHARTER ALLIANCE BETWEEN VIRGIN
AUSTRALIA, ALLIANCE AIRLINES
    * ACCC ACCEPTS THAT CHARTER ALLIANCE AGREEMENT IS LIKELY TO
RESULT
IN SOME OPERATIONAL EFFICIENCIES
    * AT THIS STAGE, NOT SATISFIED PUBLIC BENEFITS LIKELY TO
RESULT
FROM AGREEMENT IN NEXT 5 YRS WILL OUTWEIGH PUBLIC DETRIMENT

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