Qantas and Jetstar cleared for takeoff

Qantas Airways (ASX: QAN) announced (link opens a PDF) today that the Australian Competition and Consumer Commission (ACCC) has approved new collaborative ventures between Qantas and Jetstar Airways for at least the next five years.

The partnership allows the two corporations to collaborate on primarily Intra-Asian routes flown by Jetstar Asia, Jetstar Pacific, Jetstar Japan, and Jetstar Hong Kong. The airlines can coordinate operations on passenger and cargo services, and have been granted permission to expand current joint ventures in the future.

Commission Chairman Rod Sims said in a statement today: “The ACCC considers that the coordination is likely to result in benefits to consumers by increasing the likelihood of additional Jetstar flights and destinations in Asia, and providing improved connections for consumers which will result in a better overall travel experience.”

Sims also noted that, where overlap does occur between Qantas and Jetstar, other airlines are present to keep costs competitive.

But you don’t always have to look up to pull profits from down under. The Australian Financial Review says “good quality Australian shares that have a long history of paying dividends are a real alternative to a term deposit.” Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

The Motley Fool’s purpose is to help the world invest, better.  Click here now  for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.  This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.  Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter  @TMFJLo .

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!