News: Qantas and Emirates have lift off

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Qantas Airways Limited (ASX:QAN) has received authorisation from the competition watchdog for its alliance with Emirates.



The authorisation from the Australian Competition and Consumer Commission is subject to a condition and will expire at the end of March 2018.



ACCC Chairman Rod Sims says the alliance is likely to result in public benefits through enhanced products and service offerings by the airlines, and improved operating efficiency.



Mr Sims said although the alliance is likely to result in detriments to competition in regions where the airlines offer competing services, the commission has identified competitive constrains rendering the detriments minimal.



Qantas Airways generated a net profit of $111 million in the first half of the current financial year.