Singapore gives green light for Airbus Asia-SIA joint venture
CCS said in a press release that after reviewing submissions and feedback from customers and competitors as well as a public consultation, it drew to a conclusion that the transaction is unlikely to lead to substantial competition concerns in Singapore.
CCS's major concern is that the joint venture may lessen competition in the relevant markets for the provision of Airbus aircraft pilot training services and Full Flight Simulators (FFS) software and data packages for Airbus aircraft.
Instead, CCS said the joint venture, which is about to create a new player in regional market, is likely to increase the level of competition for such services. ■