On 17 April 2014, the Competition Commission of Singapore (the "CCS") announced that it has cleared the Proposed Strategic Alliance between Singapore Airlines Limited ("SIA") and Air New Zealand Limited ("Air NZ") (collectively, the "Parties"). The Proposed Strategic Alliance is scheduled to take place subsequent to the Parties' receipt of regulatory approvals in New Zealand and Singapore.
Allen & Gledhill LLP was involved as Singapore antitrust counsel to the Parties in securing the clearance.
After agreeing to form the Proposed Strategic Alliance on 16 January 2014, the Parties notified the CCS on 30 January 2014 for a decision that the Proposed Strategic Alliance will not infringe section 34 of the Competition Act (the "Act"). Section 34 of the Act prohibits agreements between undertakings, decisions by associations of undertakings or concerted practices which have as their object or effect the prevention, restriction or distortion of competition within Singapore. Shortly after receiving the Parties' notification, the CCS conducted a public consultation between 5 February 2014 and 26 February 2014 to seek feedback on the Proposed Strategic Alliance.