On 9 April 2015, the Competition Commission of Singapore (the “CCS”) announced the clearance of the joint venture between Boeing Singapore Pte Ltd, a wholly owned subsidiary of The Boeing Company, and SIA Engineering Company Limited (collectively, the “Parties”) for a broad range of aircraft maintenance, repair and overhaul (MRO) services together with other related services for specific Boeing aircraft (the “Proposed JV”).
The CCS found that the Proposed JV will not infringe Section 54 of the Competition Act which prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition within any market in Singapore.
The Parties notified the CCS of the Proposed JV on 28 November 2014, and the CCS issued the clearance decision on 3 February 2015.
Allen & Gledhill LLP was involved as Singapore antitrust counsel in securing the clearance.
The following materials are available from the CCS website www.ccs.gov.sg: