The Australian Competition and Consumer Commission, or ACCC, said on Wednesday that it has issued a draft determination proposing to authorise cooperation and coordination between IAG Cargo Ltd. (BAY.L,BAIRY.PK,IAG.L,INR.DE,IAG.MC), MAB Kargo Sdn. Bhd and Qatar Airways Group Q.S.C. in relation to their air cargo services, including services to and from Australia.
The ACCC has proposed granting authorisation for five years and has also issued interim authorisation, allowing the parties to commence the conduct while the application continues to be assessed.
The regulator said that it is seeking submissions on the draft determination by June 10, before declaring its final decision.
On the LSE, BAY.L ended Friday's trading at 7.50 pence.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.