Virgin Australia (ASX:VAH) has been authorised to cooperate with Virgin Atlantic

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.