ACCC extends Virgin Australia, SIA partnership
The Australian Competition and Consumer Commission (ACCC) has cleared the partnership between SIA and Virgin Australia for another 5 years. SIA and Virgin Australia had been seeking a 10-year extension to the partnership that was first sealed in 2011, which the ACCC denied. “In light of the ongoing evolution of services between Australia and the UK and Europe—and between Australia and Asia, including Virgin Australia’s proposed expansion of services into Asia, and the dynamic nature of the aviation industry—the ACCC considers it appropriate to review the authorisation earlier than the requested 10 years. For this reason, the ACCC has decided to grant authorisation for 5 years,” the ACCC said in a final ruling. The ACCC said the partnership has resulted in “material public benefits”. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-28/star/accc-extends-virgin-australia-sia-partnership
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ACCC extends Virgin Australia, SIA partnership
The Australian Competition and Consumer Commission (ACCC) has cleared the partnership between SIA and Virgin Australia for another 5 years. SIA and Virgin Australia had been seeking a 10-year extension to the partnership that was first sealed in 2011, which the ACCC denied. “In light of the ongoing evolution of services between Australia and the UK and Europe—and between Australia and Asia, including Virgin Australia’s proposed expansion of services into Asia, and the dynamic nature of the aviation industry—the ACCC considers it appropriate to review the authorisation earlier than the requested 10 years. For this reason, the ACCC has decided to grant authorisation for 5 years,” the ACCC said in a final ruling. The ACCC said the partnership has resulted in “material public benefits”. <br/>
