Summary Virgin Australia and Air New Zealand have reconciled, with a partnership set to benefit customers with greater value and loyalty rewards. The codeshare agreement, endorsed by the ACCC, will allow Virgin Australia's customers access to a comprehensive network between Australia and New Zealand. Air New Zealand also stands to benefit from the partnership, driving more Australians onto its aircraft and retaining its market share.
Most of us know a couple who fell out of love and separated, only to rekindle the flame and get back together a few years later, with differing levels of success. Today we discovered that a very bitter and public falling out in 2018 between Virgin Australia and Air New Zealand has been forgiven and forgotten, with the couple announcing they are getting back together. What it means for customers In November last year, the reborn Virgin Australia and Air New Zealand floated the idea of a partnership and submitted applications to enter into a unilateral trans-Tasman codeshare agreement to their respective competition regulators.
Rather than rehash old ground , we can jump to today when Virgin Australia announced the deal is good to go and will be up and running before the end of the year. The Australian Competition and Consumer Commission (ACCC) cleared the codesharing agreement in June, subject to Air New Zealand agreeing to set the fares at which Virgin Australia can market and resell the flights. It's also important to remember that this is a uni.