A PYMNTS Company

Singapore: Cebu Air, Southeast Asian Airlines gain merger clearance

 |  September 18, 2014

The Competition Commission of Singapore has announced its approval for Cebu Air and Southeast Asian Airlines to merge, say reports.

Cebu Air will acquire Southeast Asian after authorities investigated the impact of the deal on certain routes between Singapore and Clark International Airport in the Philippines, but in a statement the CCS noted that Tigerair Singapore also competes on the air link.

While the merger was cleared, reports say the CCS will launch a separate review of the “strategic alliance agreement” held between Cebu Pacific and Tigerair Singapore to determine whether the agreement still promotes competition following the merger. That agreement involves joint operation of routes between Singapore and the Philippines.

Full content: Out-Law.com

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.