Australia’s Qantas Airways Ltd on Friday “expressed disappointment” at the country’s competition regulator delaying its decision on the carrier’s $394 million buy of Alliance Aviation Services.
The Australian Competition & Consumer Commission (ACCC) has delayed the provisional date to announce its final verdict on the deal three times so far, with the decision now expected on March 20, 2023. It began an informal merger review on May 18.
Read more: Qantas To Buy Alliance Airlines Despite Watchdog Warnings
In May, Qantas said it was buying the remaining 80% stake in charter flights operator Alliance Aviation Services for A$610.8 million ($394.03 million).
The regulator, on its website, said the date was pushed back to give the parties more time to submit information. It was not immediately clear what information had been sought.
The ACCC has previously said its preliminary view was that the deal was likely to hamper competition for air transport services to and from some remote parts of Australia for corporate customers.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI