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Virgin Australia Holdings Limited (ASX:VAH) has detailed its concerns over a potential tie-up between its rival Qantas Airways Limited (ASX:QAN) and Middle East based airline Emirates to Australia’s competition regulator.
Australia’s second largest carrier believes the Qantas-Emirates alliance would unfairly result in the domination of market share.
Virgin has asked the Australian Competition and Consumer Commission to withhold interim authorisation for the partnership.
Virgin’s concerns come within days of the transport union’s chief Tony Sheldon claiming Qantas is at risk of being sold within four years if the Emirates tie-up goes ahead.
Virgin Australia generated a net profit of $22.8 million in the 2012 financial year.
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$8.79 |
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