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By Rishav Chatterjee
(Reuters) - Qantas Airways will drop its A$611 million ($387 million) plan to buy out charter flight operator Alliance Aviation Services, the companies said on Thursday, months after Australia's competition regulator blocked the deal.
The Australian Competition and Consumer Commission (ACCC) had in April denied authorisation for the acquisition, saying the deal was likely to push prices up and service quality down.
The companies had entered into the deal in May 2022.
"Th...
>>> Read more: Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
(Reuters) - Qantas Airways will drop its A$611 million ($387 million) plan to buy out charter flight operator Alliance Aviation Services, the companies said on Thursday, months after Australia's competition regulator blocked the deal.
The Australian Competition and Consumer Commission (ACCC) had in April denied authorisation for the acquisition, saying the deal was likely to push prices up and service quality down.
The companies had entered into the deal in May 2022.
"Th...
>>> Read more: Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
