ACCC on Monday issued a draft determination proposing to grant authorization for the venture, under which the airlines coordinate pricing, revenue management, schedules, capacity and routes flown. "The ACCC considers that the joint venture is likely to assist Virgin Blue and Delta to compete more effectively against the incumbents on the routes, Qantas and United Airlines ... The entry of Virgin Blue and Delta on the trans-Pacific routes has created strong competition on price and service in the market for passenger transport. The ACCC expects that this would continue to be the case under the new arrangements to the benefit of consumers." However, the ACCC said the extent to which these benefits are realized will depend largely on the conduct of the parties under the joint venture. Full Article at Atlanta Business Chronicle