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

 

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>

ALSO:

Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>