Air NZ Virgin alliance gets five-year extension, ACCC will review capacity in 2015

Mon, 02 Sep 2013

Sept. 3 (BusinessDesk) - Air New Zealand and Virgin Australia’s trans-Tasman alliance has been granted a five-year extension by the Australian antitrust regulator, provided they keep capacity on certain routes. The Australian Competition and Consumer Commission signalled a three-year extension in a draft determination in July, and has decided to grant the five-year authorisation after another round of submissions, it said in a statement to the ASX. Without the tie-up, the regulator said Air NZ would be at a competitive disadvantage to the Qa...

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