Outgoing Qantas chief executive Alan Joyce maintains the airline’s almost 20 per cent stake in charter fly in, fly out airline Alliance is a “good investment” and is assessing its options after the competition watchdog knocked back Qantas’ takeover bid.

With the Australian Competition and Consumer Commission taking a more forceful approach to the FIFO aviation market, Mr Joyce told analysts Qantas was still evaluating the scuppered $614 million offer.