Virgin/Air NZ deal approved

Consumer watchdog says airlines' trans-Tasman alliance likely to benefit public.

Virgin Australia Holdings (VAH) and Air New Zealand have conditional authorisation from the consumer watchdog for an extension of their trans-Tasman alliance.

In a statement to the Australian Securities Exchange, the groups say authorisation will commence on January 1, 2014, when the existing authorisation expires, and last until October 31, 2018.

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