Plans for Qantas to take over Alliance Aviation Services Ltd (Alliance) have been scrapped after the deal was formally opposed by the competition regulator in April 2023.
Qantas said that “both companies believe the acquisition would have created customer value without lessening competition in the highly competitive resources sector – particularly through the efficiencies created through a combined fleet of F100 aircraft. However, both companies acknowledge that there is no reasonable path forward for the deal.”
However, the resource industry saw the takeover differently and most companies objected to the take over saying that it would lessen competition.
Qantas said it will read more ⇒
Source:: AirlineRatings.Com