sydneyaustralias competition watchdog will oppose qantas airways ltds proposed acquisition of regional carrier alliance aviation services ltd saying it would significantly reduce competition in services to the countrys resources industries the australian competition and consumer commission on thursday said that both qantas and alliance are key suppliers to companies who need to transport socalled flyin flyout workers in western australia and queensland states the removal of alliance is likely to substantially lessen competition threatening increased prices and reduced service quality for customers qantas and alliance currently strongly compete with each other in markets where there are few effective alternatives accc chair gina cassgottlieb said flying workers constituted an essential service to key pillars of the australian economy she added the materials energy and utilities sectors of australias spasx 200 comprise almost a third of the benchmark stock index by market capitalization australias largest carrier said in may 2022 that it intended to acquire alliance in an allstock deal that valued its smaller rival at about 7635 million australian dollars us5125 million qantas owns nearly 20 of alliance and said it is already alliances biggest single customer it said it would issue new shares valued at around a614 million to complete the transaction