CCS Accepts Capacity Commitments by SIA and Lufthansa in Clearing their Proposed Joint Venture
The Competition Commission of Singapore (“CCS”) has accepted voluntary commitments from Singapore Airlines Limited and Deutsche Lufthansa AG (collectively, the “Parties”) in clearing their proposed joint venture (“Proposed JV”). The commitments include (i) maintaining and subsequently increasing passenger seat capacity on the Singapore-Frankfurt and Singapore-Zurich routes; and (ii) carrying a minimum number of Singapore passengers on these two routes. CCS is of the view that the competition concerns identified by CCS on these two routes will be addressed with these commitments, and the Proposed JV will result in net economic benefits to Singapore.
More information on the case can be found here.