( December 4, 2015, 03:50 GMT | Official Statement) -- MLex Summary: The Australian Competition & Consumer Commission has allowed the Virgin Australia and Etihad Airways air transport services alliance, which received regulatory approval in 2011, to run for another five years. The alliance, which operates between Australia and the Middle East, involves cooperating on joint pricing and the scheduling of services, but not revenue sharing. The ACCC cited the necessity of the alliance to provide the public with certain routes, such as Virgin-Etihad’s Sydney-Abu Dhabi route, as basis for granting re-authorization. The regulator's full statement follows:...
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