New Delhi: Singapore Airlines' proposed joint venture with Airbus
Services Asia Pacific to provide flight pilot training services, has
received green signal from fair trade watchdog CCI.
The proposed combination involves formation of a joint venture company, Airbus Asia Training Centre (AATC), to provide flight pilot training services.
In AATC, Airbus Services Asia, part of French major Airbus, would have 55 per cent stake while 45 per cent would be with Singapore Airlines.
Clearing the deal, the Competition Commission of India (CCI) said there is no horizontal overlap or vertical relationship between the parties with respect to provision of flight pilot training activities.
The deal is "not likely to have an appreciable adverse effect on competition in India," CCI said in a recent order.
Read news in full 26/10/14 PTI/Business Standard
The proposed combination involves formation of a joint venture company, Airbus Asia Training Centre (AATC), to provide flight pilot training services.
In AATC, Airbus Services Asia, part of French major Airbus, would have 55 per cent stake while 45 per cent would be with Singapore Airlines.
Clearing the deal, the Competition Commission of India (CCI) said there is no horizontal overlap or vertical relationship between the parties with respect to provision of flight pilot training activities.
The deal is "not likely to have an appreciable adverse effect on competition in India," CCI said in a recent order.
Read news in full 26/10/14 PTI/Business Standard
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