Australian competition watchdog approves Qantas, China Eastern joint venture

21 August 2015 06:30 pm - 0 - {{hitsCtrl.values.hits}}

A A A

AFP: Australia’s competition watchdog reversed a draft decision against a joint venture between Qantas and China Eastern, giving the carriers the green light to coordinate pricing and scheduling.

The Australian Competition and Consumer Commission (ACCC) said in March that the original proposal between the airlines would harm competition.
But the regulator said today that China Eastern had since agreed to increase the frequencies of its services between Australia and China and introduce a new route if the deal was allowed.

Qantas and China Eastern will also expand the destinations covered by their existing code-share agreement as they seek to establish a gateway through China Eastern’s Shanghai hub for connecting services between the countries.

“The ACCC considers that the addition of a significant number of new services and expanded range of destinations, reflecting this gateway strategy, would constitute a significant public benefit,” ACCC chairman Rod Sims said.

The approval requires Qantas and China Eastern to grow their capacity on routes between Australia and Shanghai by 21 per cent over the five-year term of the authorisation.

China is a significant source of tourism for Australia and China Eastern Chairman Liu Shaoyong said the carrier would look to grow this further following the ACCC’s decision.

The two airlines already have a reciprocal code-share agreement on 17 flights a week between Australia and mainland China, plus a number of onward domestic destinations in both countries.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Australian competition watchdog approves Qantas, China Eastern joint venture

Comments - 0

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

New Visa procedure implemented

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

April 15 declared a government holiday

Confusion remains if April 15 is a bank holiday

Former MP Palitha Thewarapperuma dies from electrocution

MIRROR CRICKET

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

Amir, Wasim return to Pakistan national team

TODAY'S HEADLINES

Tax payers poised to cough up Rs.45 million on another debate on Easter attack

Renovation of Anula Maha Seya Mahanayake of Malwatta Chapter requests President to revoke agreement

Court of Appeal orders reallocation of Hajj quotas

Former Deputy Minister Thewarapperuma passes away after being electrocuted

Mendis, Mathews move up in ICC Test Rankings

Security raised for Champions League ties after threat

SLA target four events at Paris Olympic Games

Chamodi, Dewmi spins Sri Lanka U19 Women to big win