Skip to content Skip to Search
Skip navigation

Interim approval granted for Qantas-Emirates alliance

Aircraft, Flight, Transportation Emirates
Qantas and Emirates' existing five-year authorisation is due to expire at the end of March

Australia’s competition regulator has granted interim approval for Qantas Airways and Dubai’s Emirates to continue their passenger and cargo transport alliance.

Qantas and Emirates’ existing deal, which was granted in 2018, is set to expire on March 31, 2023, Australian Competition and Consumer Commission (ACCC) said in a statement.

Under the current agreement, both airlines can coordinate their operations across their respective networks, covering routes between Australia and UK/Europe, New Zealand, Asia, the Middle East and North Africa.

“The parties have made a new application for authorisation so they can continue their operational coordination for another five years after the existing authorisation expires,” the statement added.

The interim approval starts immediately, said ACCC commissioner Anna Brakey.

The commission may review the interim approval at any time and its interim authorisation decision does not indicate whether final authorisation will be granted, the statement said.

In a statement issued in 2018 after ACCC endorsed their original partnership, Emirates said that the continuation of the joint business would deliver expanded services, greater schedule choice and increased frequent flyer benefits.

India on Tuesday resisted calls from both Dubai and Kuwait to increase their national airlines’ flights to the subcontinent’s fast-growing aviation market.

The country wants its own domestic airlines to offer non-stop long-haul flights rather than increasing air traffic from Emirates and Jazeera Airways, its civil aviation minister Jyotiraditya Scindia told Reuters.

The UAE has urged India to increase the maximum number of seats between the two countries by 50,000 per week (from about 65,000 per week).

Latest articles

Investor Tim Draper told AGBI the US must 'swing back to freedom' to avoid losing innovation to countries such as the UAE

Tim Draper: UAE benefits from US crypto ‘overregulation’

Billionaire venture capitalist Tim Draper has criticised the US for its restrictive stance on cryptocurrency, claiming it is driving innovators towards more encouraging and friendlier markets such as the UAE. The Gulf state is actively developing regulatory frameworks to lure new forms of business, amid intense regional economic competition. Dubai and Abu Dhabi have set […]

A subsidiary of Banque Misr will open the first digital-only bank in Egypt this year

Egypt to open first digital bank later this year

Misr Digital Innovation will open Egypt’s first digital bank towards the end of the year, as it looks to appeal to the North African’s country’s younger and unbanked demographic. MTI, a subsidiary of Banque Misr, is the first bank to have received approval to establish a digital bank by the Central Bank of Egypt (CBE) […]

Mukesh Ambani, chairman and managing director of Reliance Industries which will receive the investment from AIDA and US-based KKR

Abu Dhabi’s ADIA invests in Indian warehouses

The Abu Dhabi Investment Authority (ADIA) and the US-based private equity firm KKR have invested INR 12,000 crore ($1.5 billion) in India’s Reliance Retail Ventures’ warehousing assets.  Both companies have invested equal amounts in Reliance Logistics and Warehouse Holdings (RLWH), The Economic Times, an Indian financial daily, reported, citing informed sources.  RLWH was established in […]

Saudi Arabia’s industry and mineral resources minister Bandar Al-Khorayef. The country is struggling to meet an FDI target of $100bn a year by 2030

Saudi industry minister tempts investors with funding incentives

Saudi Arabia’s ministry of investments and mineral resources is prepared to finance up to 75 percent of industrial projects in the country, as the kingdom tries to boost its low foreign direct investment (FDI) numbers.  Bandar Al-Khorayef, the minister of industry and mineral resourcespointed to well-developed infrastructure across 36 industrial cities, prefabricated factories ready to […]