(Adds context and details from paragraph 2)
Oct 24 (Reuters) - Qantas Airways (QAN) said on Tuesday the company and China Eastern Airlines 600115.SS have withdrawn their application to Australian competition regulator that sought to extend their joint business.
The announcement comes a month after the Australian Competition and Consumer Commission (ACCC) said it planned to end a long-surviving partnership between the two airlines over claims that it would lessen competition and provide the airlines a chance to hike airfare.
"The airlines have commenced a process to unwind the joint business over the coming weeks, which includes an end to the coordination of pricing and schedules, and the removal of joint marketing material," Qantas said in a statement.
Last week, Qantas also
scrapped
its A$611 million ($388.60 million) plan to buy out charter flight operator Alliance Aviation Services (AQZ) , after the ACCC blocked the deal.
($1 = 1.5723 Australian dollars)
- Forums
- ASX - By Stock
- News: QAN UPDATE 1-Qantas, China Eastern Airlines withdraw request to regulator to extend pact
(Adds context and details from paragraph 2) Oct 24 (Reuters) -...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QAN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.16 |
Change
0.260(4.41%) |
Mkt cap ! $10.03B |
Open | High | Low | Value | Volume |
$5.94 | $6.17 | $5.92 | $78.91M | 12.98M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 685 | $6.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.16 | 35413 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46000 | 6.120 |
4 | 7202 | 6.110 |
4 | 100982 | 6.100 |
3 | 66367 | 6.090 |
2 | 29592 | 6.080 |
Price($) | Vol. | No. |
---|---|---|
6.170 | 62863 | 16 |
6.180 | 94830 | 8 |
6.190 | 172703 | 11 |
6.200 | 175539 | 50 |
6.210 | 2387 | 3 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$6.13 |
  |
Change
0.260 ( 4.25 %) |
|||
Open | High | Low | Volume | ||
$5.93 | $6.17 | $5.92 | 3174692 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
QAN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online