March 20 (Reuters) – Australia’s Alliance Aviation Providers Ltd (AQZ.AX) stated on Monday the nation’s competitors regulator has delayed a evaluate till April 20 of the proposed acquisition of the constitution operator by Qantas Airways Ltd (QAN.AX).
This marked the fourth delay to date by the Australian Competitors & Client Fee (ACCC) on the service’s A$610.8 million ($409.97 million) acquisition provide of Alliance Aviation.
Final Could, Qantas introduced plans to purchase the remaining 80% stake in Alliance Aviation in an all-stock deal to increase its footprint within the constitution enterprise.
“Attributable to current bulletins by Qantas and Alliance about key developments concerning their present wet-lease settlement, and fleet expansions by Alliance, the ACCC requires extra time to collect and contemplate additional info from the events,” an ACCC spokesperson stated on Monday.
Below the settlement, Qantas stated the variety of wet-lease plane choices accessible from Alliance Airways, a unit of Alliance Aviation Providers, shall be as much as 12 extra Embraer E190 plane.
Alliance Aviation stated final month that it had entered an settlement to buy extra 30 Embraer E190 jet plane, with deliveries and funds to be accomplished in January 2026.
Qantas, which has beforehand “expressed disappointment” at ACCC delaying its determination, stated in an emailed response on Monday that its place on the matter has not modified.
Shares of the Australian service dropped 3.1% in early commerce, versus a 0.6% decline within the broader market (.AXJO).
($1 = 1.4899 Australian {dollars})
Reporting by Upasana Singh and Navya Mittal in Bengaluru; Modifying by Tom Hogue, Rashmi Aich and Sherry Jacob-Phillips
: .
