http://www.smh.com.au/business/virgin-wants-to-turn-red-sea-black...

http://www.smh.com.au/business/virgin-wants-to-turn-red-sea-black-20101216-18zmn.html


Excerpt:-


"The ACCC initially knocked back the idea but gave it a surprise tick yesterday. A proposed alliance between Air New Zealand and Qantas was thrown out by competition authorities years ago. The ACCC's decision is therefore contentious and will be reviewed in three years.

It has been speculated that the deal is worth $15 million to Virgin's profit but management won't confirm this. It won't deny it either."