The Australian Competition & Consumer Commission (ACCC) has approved the alliance between Etihad Airways and Virgin Australia for a further five years.
The ruling will enable the airlines to continue their joint services routes between Australia and Abu Dhabi until the end of 2020.
“In the first five years of the alliance, we’ve shaken up the competitive landscape by delivering more destinations, more capacity and an unrivalled guest experience through new, state-of-the-art aircraft and major investments in product and service innovations,” said Etihad’s president & CEO, James Hogan.
“Over the next five years, our focus will be on new areas of commercial cooperation with Virgin Australia and opportunities for increased public benefit.”
Etihad and Virgin Australia currently offer codeshare services to 90 international destinations in Europe, Middle East, Asia Pacific and Africa. They also cooperate in the areas of sales and marketing, purchasing, and crew secondments, and offer reciprocal benefits to members of their frequent flyer programmes.
Etihad owns a 25.1% stake in Virgin Australia Holdings and holds a seat on the airline’s board.