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Oz Competition Consumer Commission okays Qantas-China Eastern deal
AUSTRALIAN flag carrier Qantas and China Eastern Airlines have welcomed the Australian Competition and Consumer Commission's (ACCC) authorisation of their joint venture.
The joint business, announced in November 2014 alongside the signing of the Australia-China Free Trade Agreement, will see the airlines cooperate on services between the two countries.
For customers, the authorisation granted will allow Qantas and China Eastern to deliver expanded services, better departure and arrival schedules, shorter transit times, increased frequent flyer benefits and a wider range of onward connections within China and Australia.
Said Qantas CEO Alan Joyce: "China is Australia's most valuable inbound tourism market - projected to contribute up to A$9 billion [US$6.5 billion] annually to the Australian economy by 2020.
Said China Eastern chairman Liu Shaoyong: "We are very happy with the ACCC's decision. We are excited by the possibilities ahead and look forward to helping our customers enjoy all that Australia and China have to offer."
The two airlines currently have a reciprocal codeshare agreement on a total of 17 flights a week between Australia and mainland China, as well as a number of onward domestic destinations in both countries. More than 20 airlines currently offer services between Australia and mainland China.
The joint business, announced in November 2014 alongside the signing of the Australia-China Free Trade Agreement, will see the airlines cooperate on services between the two countries.
For customers, the authorisation granted will allow Qantas and China Eastern to deliver expanded services, better departure and arrival schedules, shorter transit times, increased frequent flyer benefits and a wider range of onward connections within China and Australia.
Said Qantas CEO Alan Joyce: "China is Australia's most valuable inbound tourism market - projected to contribute up to A$9 billion [US$6.5 billion] annually to the Australian economy by 2020.
Said China Eastern chairman Liu Shaoyong: "We are very happy with the ACCC's decision. We are excited by the possibilities ahead and look forward to helping our customers enjoy all that Australia and China have to offer."
The two airlines currently have a reciprocal codeshare agreement on a total of 17 flights a week between Australia and mainland China, as well as a number of onward domestic destinations in both countries. More than 20 airlines currently offer services between Australia and mainland China.
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