Online travel agent buy-out approvedThe Australian Competition & Consumer Commission has just announced it will not block the planned acquisition of Wotif.com by American OTA Expedia.In its verdict, ACCC chairman Rod Sims said the competition watchdog had considered the concerns raised by the market and its possible impact on commission levels for accommodation providers applied to online travel agents due to there being less players.
THE green light for the purchase of Wotif.com by rival Expedia from the Australian Competition & Consumer Commission (TD breakings news) has come under scrutiny by hotel groups.
Virgin Australia has welcomed confirmation from the Foreign Investment Review Board that it will not object to the proposed sale of a 35% stake in the carrier’s Velocity loyalty program.
BYOJET, the Helloworld associate member which is set to become publicly listed through its proposed merger with Disruptive Investment Group (TD 24 Sep), made just $274,000 in EBITDA profit in 2013/14.
Virgin Australia today revealed an expansion of its codeshare agreement with South African Airways, which will see the Australian airline place its code on SAA metal between Perth and Johannesburg, starting 21 Oct.
scheduled heavy maintenance work across its fleet of Boeing 777 aircraft will result in the suspension of Virgin Australia’s flights on the Sydney-Abu Dhabi route from 03 Feb to 10 Apr.