The CCCS has granted conditional approval for the proposed expansion of the joint venture between Singapore Airlines and Deutsche Lufthansa AG, following the acceptance of commitments from both airlines. This decision comes after a thorough assessment of the potential competitive impact of the collaboration on the aviation market.
The joint venture aims to enhance cooperation between the two airlines, allowing them to coordinate on pricing, sales, and capacity on routes between Singapore and Europe. The CCCS’s approval is contingent upon the airlines fulfilling certain commitments designed to address competition concerns. These include maintaining a level of competition on overlapping routes and ensuring that consumers continue to benefit from competitive pricing and service options.
The CCCS’s decision underscores the importance of maintaining a competitive aviation market in Singapore, which is crucial for consumer choice and fair pricing. By accepting the commitments from Singapore Airlines and Lufthansa, the CCCS aims to strike a balance between fostering collaboration and protecting consumer interests.
This approval marks a significant step in the strategic partnership between Singapore Airlines and Lufthansa, potentially leading to enhanced connectivity and service offerings for passengers travelling between Singapore and Europe. The airlines are expected to implement the agreed commitments to ensure compliance with the CCCS’s conditions, thereby facilitating a competitive and consumer-friendly aviation market.
