Originally Posted by
Mr Approach
It is inconceivable (to me) how a competition regulator could possibly approve this acquisition.
Alliance not only provides aircraft and crews to Qantas's main competitor, it also provides competition to Qantas and Virgin on FIFO and other charter contracts, such as transporting football teams around.
Qantas, at one swoop, would have driven up costs for Virgin, mining companies and anyone else that wants to hire an aircraft bigger than a Navajo.
Did the Morrison Government really provide all that taxpayer money to Qantas during the pandemic so that Mr. Joyce could spend it all on getting rid of his competition?
Never mind the ACCC there should be an outcry from the taxpayers!
Joyce is not spending real money. The transaction is funded by issuing new Qantas shares and exchanging them for Alliance shares.