Australia's competition regulator blocks Qantas' acquisition of Alliance Aviation

Australia's competition regulator blocks Qantas' acquisition of Alliance Aviation

FILE PHOTO: A ground worker walking near a Qantas plane is seen from the international terminal at Sydney Airport, as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Sydney, Australia, November 29, 2021. REUTERS/Loren Elliott

Australia’s competition regulator said on Thursday it was opposing Qantas Airways Ltd’s proposed A$610.8 million ($409.48 million) acquisition of Alliance Aviation Services Ltd as it would substantially reduce competition.