After a year of talks, the parties formed the first such alliance in the low-cost carrier (LCC) industry to reduce cost and pool resources. A key component of the agreement is its ability to influence aircraft makers to manufacture robust planes that suit LCC specifications. Announcement. Qantas Airway Ltd CEO Alan Joyce, said the parties "have the purchasing power to influence aircraft makers" to design the next generaton of narrow body aircraft for the LCC industry. Joint procurement of airplanes will help the parties save and will modify the current aircraft deliveries.