Virgin Australia (ASX:VAH) has been authorised to cooperate with Virgin Atlantic
The ACCC has issued a determination authorising Virgin Australia (ASX:VAH) to work more closely with Virgin Atlantic on flights between Australia and the UK and Ireland; via Hong Kong, Los Angeles and any other future connecting points.
Virgin Australia and Virgin Atlantic are separate businesses whose services do not currently overlap on any route, and are unlikely to do so in the future.
The businesses already have a codeshare arrangement, which allows each to market flights on planes flown by the other.
Virgin Australia believes the cooperation will increase its passenger numbers, making its Hong Kong service more sustainable.
Shares in Virgin Australia (ASX:VAH) are flat at 15 cents.
Copyright 2019 – Finance News Network
Source: Finance News Network
