Australia's competition regulator on Monday denied authorisation for Qantas Airways and Japan Airlines to coordinate flights between the two countries, citing competition concerns as international travel is set to resume.
Australian Competition and Consumer Commission Chairman Rod Sims said the regulator was not satisfied that the public benefits of the proposed joint business agreement would outweigh harm to competition. "Preserving competition between airlines is the key to the long-term recovery of the aviation and tourism sectors, once international travel restrictions are eased," he said in a statement.
The agreement - which would allow the airlines to coordinate fares and schedules - would make it very difficult for other airlines to operate on routes between Australia and Japan, ACCC said. "Virgin Australia told the ACCC that it would be more difficult to enter the Australia-Japan route if it is required to compete with Qantas and Japan Airlines acting jointly rather than as individual competing airlines,"the regulator said."We believe the alliance would have helped a smooth recovery of our networks and was in the public interest. We will discuss with Qantas what to do next," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Football: Corinthians withdraw Willian after health regulator threatSAO PAULO : Corinthians have agreed not to give a debut on Sunday to former Arsenal and Chelsea winger Willian after Brazil's health regulator threatened the club and player with action if he did not complete a 14-day quarantine after arriving from England.Willian arrived in Brazil on Sept. 1 and trained
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Africa's regulator approves Pfizer COVID-19 shot for children 12 and upJOHANNESBURG: South Africa's health regulator has approved Pfizer's COVID-19 vaccine for use by children aged 12 and older, paving the way for the government to offer vaccinations to teenagers.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan's vaccines minister Kono leads opinion poll on succeeding SugaTOKYO: Japan\u0027s minister in charge of vaccines, Taro Kono, led a public opinion poll on who should succeed Prime Minister Yoshihide Suga as head of the ruling Liberal Democratic Party. Kono had 27 per cent support in the poll by the Nikkei newspaper and TV Tokyo that asked who would be \u0022the right person\u0022 to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan says suspected Chinese submarine seen near territorial watersTOKYO: Japan\u0027s defence ministry said on Sunday (Sep 12) that a submarine believed to be from China was spotted in waters near its southern islands, as maritime tensions persist in the Pacific. Japan\u0027s navy on Friday morning identified a submerged vessel sailing northwest just outside territorial water What the West really thinks of Japan as a junior partner. Japaneses knew what they did during WII to China... Now seeing China has surged.. Japanese feel uneasy and having nightmares.. Suspected and near - so not a story. Why has CNA seem to have become so americanised so soon after visits by american ' leaders'?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Strike threat lifted at BHP's Cerro Colorado mine after contract dealSANTIAGO: A union at Chile\u0027s Cerro Colorado copper mine has struck a collective contract deal with operators BHP after five days of government-led mediation, the company said on Saturday (Sep 11) in a statement. The agreement with Union No 1 would be valid for 36 months and includes a series of improvement
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple dealt huge blow over iPhone App Store as judge instructs it to make major concessions to developersApple has been dealt a major blow over its App Store rules and ongoing fight with Fortnite developer Epic. The iPhone maker has been forced by a judge to stop banning other apps from offering other ways to pay for digital services, away from its own payment systems. The finding comes just days before Apple is expected to unveil the iPhone 13, and in the wake of a number of concessions seemingly aimed at reducing pressure from antitrust regulators.
Source: YahooSG - 🏆 3. / 71 Read more »