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