Virgin Blue takes Sydney Airport to the ACCC

Friday, 06 Feb, 2007 0

Virgin Blue said yesterday that it had notified the Australian Competition and Consumer Commission (ACCC) of the dispute relating to the commercial arrangement for domestic takeoff and landing charges at Sydney Airport, which is majority owned by airport investor Macquarie Airports.

Sydney Airport Corporation CEO Russell Balding wants to resolve the issue directly with Virgin Blue, adding “Sydney Airport remains committed to negotiating these commercial pricing matters directly with Virgin Blue in the normal course of business”.

The ACCC said it had started arbitration for the access dispute.

Shares in Virgin Blue and Macquarie Airports both eased 1¢ in yesterday’s trade. Virgin closed at $2.59 while Macquarie Airports fell to $3.67.

Report by The Mole



 

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John Alwyn-Jones



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