Australian regulator grants 3-year extension to Air NZ, Virgin alliance, with conditions

Wed, 10 Jul 2013

July 10 (BusinessDesk) – Australia’s antitrust regulator has given approval for Air New Zealand and Virgin Australia to extend their trans-Tasman alliance for three years on the condition they agree to maintain capacity on some secondary routes. In a draft decision, the Australian Competition and Consumer Commission said weighing up the likely public benefits and detriments of the alliance “was finely balanced” and the regulator was only able to form a preliminary view that the public would be better off by imposing conditions. The airlines...

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