Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


End of September for final Air NZ determinations

Media Release

Issued 9 September 2003-04 / 030

Air New Zealand and Qantas: Commission confirms end of September for final determinations

The Commerce Commission today confirmed it was aiming to release its final determinations relating to the proposed strategic alliance between Air New Zealand and Qantas at the end of the month. The Commission's Australian counterparts, the ACCC, today released its decision to decline to authorise the proposed arrangement.

Commission Acting Chair Paula Rebstock said the Commission is considering a wealth of information delivered at its recent six day conference, and aims to deliver its final determinations at the end of the month. Ms Rebstock said both agencies have managed their processes independently from each other and each agency makes its own decision.

"For efficiency, we have shared some relevant information, but only relating to markets where there is common interest. The processes are independent of each other," said Ms Rebstock.

Ms Rebstock said a significant difference for the Commission and the ACCC is the number of markets that are considered. She said the alliance has an impact on a greater number of markets in New Zealand. She added that the New Zealand Commerce Commission is also required, where possible, to quantify the benefits and detriments of the proposed alliance.

"The Commission's role is to determine whether the proposed alliance would result in a substantial lessening of competition in any of the markets affected and, if so, whether the detriments flowing from this lessening of competition are outweighed by the public benefits resulting from the alliance."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news