SIAEC, Boeing clinch competition commission’s nod for proposed joint venture

Market competition will not be substantially lessened.

The proposed joint venture between SIA Engineering and Boeing has been cleared by the Competition Commission of Singapore (CCS).

The proposed JV aims to offer a broad range of maintenance, repair and overhaul services, together with other related services for specific Boeing aircrafts, to both customers in the SIA Group and other third-party customers primarily based in the South Asia Pacific region.

Boeing Singapore and SIAEC will subscribe for 51% and 49% of the total issued share capital of the Proposed JV respectively. 

"CCS has determined that the Parties overlap in the markets of inventory technical management and fleet technical management services. Accordingly, as part of the merger assessment, CCS examined whether there would be substantial lessening of competition in the market for the local supply of FTM and ITM services to Singapore customers. CCS has concluded that the Proposed JV will not substantially lessen competition in any market in Singapore, and therefore will not infringe the section 54 prohibition of the Competition Act (Cap. 50B)," CCS stated.