Qantas backs down on deal in the face of ACCC pressure.
Qantas and Alliance Aviation Services have announced the termination of their May 2022 agreement for Qantas to fully acquire the Australian-based charter operator.
Qantas’ acquisition plan to buy all remaining shares in Alliance was formally opposed by the competition regulator in April 2023, with both companies stating at the time the acquisition would create enhanced customer value without lessening competition.
However, this morning both companies acknowledged that there is “no reasonable path forward” for the deal to proceed.
Qantas will retain its shareholding of nearly 20% of Alliance and will continue its long-term agreement that sees Alliance operate up to 30 E190s for Qantas.
More details in today’s issue of Travel Daily.