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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.

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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.

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