Monday, December 20, 2010

Air New Zealand, Virgin Blue Get Alliance Approval

New Zealand Transport Minister Steven Joyce gave the deal a green light, a week past Australia's competition regulator approved the alliance.

"More sustainable competition, cost savings and the commitment both airlines have made to maintain trans-Tasman traveler numbers will be major benefits of the alliance," Joyce said in a statement.

Joyce's approval applies for three years, the same time period agreed to by the Australian Competition and Consumer Commission. The carriers will be allowed to coordinate costs, scheduling, capacity and routes for flights between Australia and New Zealand.

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