The Australian Competition and Consumer Commission (ACCC) has approved a joint venture between Virgin Blue and Delta Airlines for flights between Australia and the USA. The airlines have been given permission to take a coordinated approach to a range of issues, including pricing, revenue management, schedules, capacity and routes flown. “The ACCC considers that the [...]
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Some businesses think joint ventures are an official cooperation, others see them as a marriage. Either way, joint ventures are designed to boost business growth in areas such as intellectual property, market share, and the bottom line. Find out why joint ventures are considered commercialisation courtships. A joint venture is a legal term that describes [...]
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The latest supplement of the Closer Economic Partnership Arrangement (CEPA) between Hong Kong and mainland China is set to liberalise 20 sectors, including finance, tourism, and the legal profession. CEPA VI, signed earlier this month, contains 29 liberalisation measures to facilitate trade and investment between Hong Kong and China. “This represents another strategic move in [...]
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US food company Cargill has entered into a joint venture with Australian business Allied Mills, which has led to an investment of more than US$70 million into a new mill. The flour mill, located in Picton, NSW, just south of Sydney will operate 24 hours a day, seven days a week to process approximately 200,000 [...]
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