New Delhi: After crossing several regulatory hurdles in India, the over
R2,000-crore deal between Jet Airways and Abu Dhabi’s Etihad may be in
for another spot of minor turbulence. The Competition Commission of
Singapore (CCS) is now scrutinising the ‘proposed commercial alliance’
between the two airlines to see if it will have an impact on Singapore's
aviation industry.
CCS has sought feedback from third parties on the Jet-Etihad commercial agreement by July 11 under Section 34 of the city-state's Competition Act, following which it will take a view on the matter.
“CCS received a notification for decision on 6 June 2014, with regard to the Proposed Commercial Alliance between Etihad and Jet. The Proposed Commercial Alliance relates to the provision of international air passenger transport services (and associated support services), with a specific focus on the Singapore origin and destination (O&D) city pairs affected by the Proposed Commercial Alliance,” a CCS statement said.
It added, “The notification is made in relation to Section 34 of the Competition Act which 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. The Proposed Commercial Alliance includes pricing, route and schedule coordination, marketing, code-sharing, networks, customer service and resourcing decisions between the Parties.”
Read news in full 20/06/14 Financial Express
CCS has sought feedback from third parties on the Jet-Etihad commercial agreement by July 11 under Section 34 of the city-state's Competition Act, following which it will take a view on the matter.
“CCS received a notification for decision on 6 June 2014, with regard to the Proposed Commercial Alliance between Etihad and Jet. The Proposed Commercial Alliance relates to the provision of international air passenger transport services (and associated support services), with a specific focus on the Singapore origin and destination (O&D) city pairs affected by the Proposed Commercial Alliance,” a CCS statement said.
It added, “The notification is made in relation to Section 34 of the Competition Act which 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. The Proposed Commercial Alliance includes pricing, route and schedule coordination, marketing, code-sharing, networks, customer service and resourcing decisions between the Parties.”
Read news in full 20/06/14 Financial Express
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