Aussie Stocks News Virgin Blue Holdings (VBA)

Virgin Blue Holdings (VBA) us a budgeted full service airline carrier and offers holiday packages.

VBA has stated that the ACCC knocked back its request to form a trans-Tasman alliance with Air New Zealand.

The regulator was of the view that the alliance would reduce competition in the trans-Tasman market.

The bad news for VBA follows yesterday’s decision by US regulatory authorities to block its proposed tie-up with Delta Airlines.

Both decisions are a massive blow in VBA’s attempts to steal market share from Qantas (QAN), with its share price sinking another 7% on Friday.

QAN, on the other hand, jumped 2.4% due to the removal of another of its competitive threats.

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