SCMP today gives basically the same information:
https://www.scmp.com/news/hong-kong/...tralias-qantas
The article is very short on detailsand I assume that QF will get to codeshare further CX/KA routes in Asia and China.
The deal is very sad news for HK pax. QF was really competing for HK pax on the MEL/SYD/BNE. They sell J tickets at a huge discount from CX fares.
This will be the end of those lower fare as QF/CX control 90% of the market. Hard to believe that HK/Australian regulator would allow that, but past experience would suggest ....
Look at the IASC website:
https://iasc.gov.au/applications/
It is amazing that the IASC asked for submission from Virgin Australia and ACCC (Australia Competition and Consumer Commission) without providing them with any details of CX/QF request beyond "a variation of codeshare agreement". All details are submitted in a confidential document that was not communicated to Virgin or the ACCC. Unbelievable!