Sept 15 (Reuters) - Australia's ACCC:
- PROPOSES TO DENY COORDINATION BETWEEN QANTAS AND CHINA EASTERN
- HAS ISSUED DRAFT DETERMINATION PROPOSING TO DENY AUTHORISATION FOR QANTAS AIRWAYS AND CHINA EASTERN AIRLINES AND THEIR RELATED ENTITIES
- AN AGREEMENT FOR COORDINATION BETWEEN TWO KEY COMPETITORS MAY BREACH COMPETITION LAWS
- CAN ONLY AUTHORISE THESE AGREEMENTS IF PUBLIC BENEFITS FROM COORDINATION OUTWEIGH HARM TO COMPETITION
- ACCC IS SEEKING SUBMISSIONS IN RESPONSE TO THE DRAFT DETERMINATION BY 6 OCTOBER 2023, BEFORE MAKING ITS FINAL DECISION
- CONCERNED AUTHORISATION WOULD PROVIDE CO'S WITH OPPORTUNITY TO INCREASE PRICES, COMPARED TO WHAT THEY WOULD CHARGE ABSENT ALLIANCE
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