Qantas’ plans to take over a rival FIFO airline provider have did not take off, with the competitors watchdog rejecting the acquisition.
The flying kangaroo’s $614 million all-scrip bid for the constitution airline was opposed as a result of it will reduce competitors within the WA fly-in, fly-out mining sector.
The regulator mentioned the takeover would end result within the assets trade taking a success with larger costs for regional flights.
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Source: www.perthnow.com.au
