The Australian Competition and Consumer Commission has decided that it will not intervene in the proposed acquisition by Air New Zealand Limited of a further 50 per cent ownership interest in Jetset Travel and Technology Holdings Pty Ltd. Air New Zealand will now own and control Jetset. Jetset is a retail travel agent, tour wholesaler and a consolidator of airline tickets to retail agents.
"The vertical links which airlines have into distribution, through interests in consolidators and retail travel agents, may restrict agents' choice of with whom, and in what products, they deal. In this context, preferred supplier policies may reduce competition", ACCC Chairman, Professor Allan Fels, said today.
"Jetset has preferred supplier arrangements with both Ansett and Qantas. The ACCC expects that Air NZ will maintain both of these arrangements." "The ACCC has concluded that the proposed acquisition is unlikely to substantially lessen competition".
Further information Professor Allan Fels, Chairman, (06) 264 2808 or pager (016) 373 536 Ms Lin Enright, Director, Public Relations, (06) 264 2808
"The vertical links which airlines have into distribution, through interests in consolidators and retail travel agents, may restrict agents' choice of with whom, and in what products, they deal. In this context, preferred supplier policies may reduce competition", ACCC Chairman, Professor Allan Fels, said today.
"Jetset has preferred supplier arrangements with both Ansett and Qantas. The ACCC expects that Air NZ will maintain both of these arrangements." "The ACCC has concluded that the proposed acquisition is unlikely to substantially lessen competition".
Further information Professor Allan Fels, Chairman, (06) 264 2808 or pager (016) 373 536 Ms Lin Enright, Director, Public Relations, (06) 264 2808