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."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>

ALSO:

Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>