新2平台出租（www.hg108.vip）:Regulator raises competition concerns on Qantas
Dodgy deal: Qantas planes are seen on the tarmac of Melbourne International Airport. The airline has offered Alliance investors A$4.75 (RM14.7) a share for the remainder of the company in an all-stock deal. — Reuters新2平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
SYDNEY: Australia’s competition regulator say that Qantas Airways Ltd’s proposed purchase of the remainder of charter operator Alliance Aviation Services Ltd for A$610.8mil (US$423mil or RM1.9bil) raised concerns.
“We are concerned that this proposed acquisition is likely to substantially lessen competition for air transport services to and from regional and remote areas in Queensland and Western Australia for corporate customers,” Australian Competition and Consumer Commission (ACCC) chair Gina Cass-Gottlieb said in a statement.
Alliance shares slumped 6.5% in early trading following her comments. A final decision is expected in November, the ACCC said.
Qantas has owned 20% of Alliance since 2019 but buying the remaining 80% would give it a dominant share of flying for resources industry customers, a market in which it competes against Virgin Australia and Cobham’s National Jet Express, soon to be owned by Regional Express Holdings Ltd .
Many mining and oil and gas companies in Australia staff their operations using a fly-in and fly-out (FIFO) model rather than permanently basing their employees at remote sites, making flying a lucrative business for airlines.
Qantas has offered Alliance investors A$4.75 (RM14.7) a share for the remainder of the company in an all-stock deal.,
Alliance shares had closed at A$3.55 (RM11) on Wednesday, indicating investor scepticism that the regulator would approve the transaction.
Qantas Group executive of associated airlines and services John Gissing said yesterday the airline would continue to work with the regulator to ensure any competition concerns were addressed.
Alliance represents only around 2% of total aviation industry capacity but it supplies around 30% of charter services, followed by Qantas with 23% and Virgin at 22%, Qantas said in a statement.
A Virgin Australia spokesperson said Qantas’ proposed acquisition had serious implications for competition in Australian aviation and consumers would be impacted if competition was reduced.
Virgin and Alliance have had an agreement allowing them to jointly bid for FIFO business since 2017.
The ACCC initially proposed to deny that deal on competition grounds but approved it in a final decision after comments from market participants. Alliance also operates 14 jets on regional routes on behalf of Qantas and four for Virgin. — Reuters