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

 


Travel Agents Association Welcomes ACCC Draft

Travel Agents Association Welcomes ACCC Draft Decision To Deny Code-Share Proposal

The Travel Agents Association of New Zealand (TAANZ) welcomed the ACCC draft decision to deny authorisation of the Tasman Networks Agreement (TNA) between Air New Zealand and Qantas, known as the Code-Share proposal.

TAANZ says that the draft decision acknowledges that were the proposal to be authorised, it would have fundamentally changed the competitive process across the Tasman, resulting in higher prices and reducing travel options at key times.

Paul Yeo, chief executive of TAANZ said, “There is no doubt that consumers have benefited in recent years from competition on the trans-Tasman route. As things stand, this draft decision ensures that the current regime will continue.”

“However, while we favour competition, we also acknowledge the airlines need to have a sustainable business. Should this draft decision be confirmed, we are concerned that Air New Zealand and Qantas could reduce capacity and the number of flights which would disadvantage travellers. Were that to happen, travellers could be worse off unless Virgin Blue and Emirates significantly increase their capacity between the two countries.”

TAANZ understands that the Ministry of Transport is preparing its case to advise Hon Pete Hodgson, who is acting for Transport Minister Hon Annette King, but that an announcement is not likely to be made before the New Year. The TNA has to be authorised on both sides of the Tasman to become a reality.

Mr Yeo said, “The majority of our members are opposed to the TNA. The others raised some of the same concerns and, while not supporting the TNA, did not want to formally oppose it. TAANZ determined its position after studying the airlines’ proposal, reviewing submissions to the Australian Competition and Consumer Commission, and consulting its members.

“The TNA proposal is of significant interest to our members, their customers and to the wider New Zealand economy. Having examined the airlines’ proposal, we concluded that the costs in terms of increased fares, a reduction in frequency and seat numbers are significant, and therefore TAANZ welcomes the ACCC’s draft determination.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

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>>

Earlier:

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>>

ALSO:

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>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news