financetom
Business
financetom
/
Business
/
Australia's competition watchdog authorises Virgin-Qatar Airways alliance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australia's competition watchdog authorises Virgin-Qatar Airways alliance
Mar 27, 2025 8:03 PM

(Reuters) -Australia's competition regulator said on Friday it had granted authorisation to Virgin Australia and Qatar Airways to operate flights between Doha and Sydney, Melbourne, Brisbane and Perth under an integrated alliance for five years.

The Australian Competition and Consumer Commission (ACCC) had backed the alliance in February, after it gave its interim approval to Virgin Australia in November to market and sell 28 weekly scheduled return flights between Doha and the Australian cities.

"We consider that the conduct is likely to result in public benefits such as adding additional capacity on flights between Australia and the Middle East and is likely to result in minimal, if any, public detriment," the ACCC Commissioner Anna Brakey said.

"This will likely place downward price pressure on these routes and will also give customers of Virgin Australia and Qatar Airways a greater choice of international flights with additional connectivity and loyalty program benefits."

ACCC said the applicants did not seek authorisation for proposed exclusivity arrangements, even though concerns were raised by interested parties on the alliance potentially reducing Virgin Australia's ability to enter into partnerships with other airlines.

Interim authorisation will remain in place until the final determination comes into effect, the regulator added in its statement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Newell Brands Issues Downbeat First-Quarter Outlook Following Mixed Quarterly Results
Newell Brands Issues Downbeat First-Quarter Outlook Following Mixed Quarterly Results
Feb 7, 2025
09:10 AM EST, 02/07/2025 (MT Newswires) -- Newell Brands' ( NWL ) fourth-quarter earnings came in ahead of Wall Street estimates but revenue missed expectations, while the consumer products manufacturer issued a surprise loss outlook for the ongoing three-month period. The maker of Sharpie markers expects to record an adjusted loss of $0.06 to $0.09 a share for the first...
Elliott discloses $1.5 bln stake in Aspen, pushes against merger with Emerson
Elliott discloses $1.5 bln stake in Aspen, pushes against merger with Emerson
Feb 7, 2025
Feb 7 (Reuters) - Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology ( AZPN ), opposing the company's decision to accept Emerson Electric's ( EMR ) tender offer. Aspen's shares rose 4% in premarket trading. Last month, Emerson agreed to buy the remaining shares in software supplier Aspen that it did...
Canada's AltaGas and Keyera agree long-term LPG processing deals
Canada's AltaGas and Keyera agree long-term LPG processing deals
Feb 7, 2025
Feb 7 (Reuters) - Canada-based energy infrastructure firm AltaGas ( ATGFF ) and pipeline operator Keyera ( KEYUF ) entered into long-term agreements for processing liquefied petroleum gases (LPGs) on Friday. Keyera ( KEYUF ) entered a 15-year tolling contract at AltaGas' ( ATGFF ) Ridley Island Energy Export Facility for 12,500 barrels per day (bpd) of LPG export capacity....
TD Bank Group Expects
TD Bank Group Expects "Zero Catastrophe Claims" For Q1
Feb 7, 2025
09:10 AM EST, 02/07/2025 (MT Newswires) -- TD Bank Group (TD.TO) on Friday said it expects zero catastrophe claims after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's first-quarter results. The bank's shares were last seen up US$0.07 to near US$58, in U.S. pre-market trading. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved