A PYMNTS Company

Singapore: Regulators push Jet/Etihad through final hurdle

By  |  November 10, 2014

India’s Jet Airways and United Arab Emirates-based Etihad Airways have secured their final regulatory clearance necessary to move forward with their merger, say reports.

The Competition Commission of Singapore has approved of the airlines’ commercial alliance, first announced in April of last year, which includes Etihad’s purchase of a 24 percent stake in Jet.

In a statement, the CCS said that while it found possible anticompetitive effects from the deal, the benefit to consumers outweighed the risks.

The alliance also includes price and distribution coordinating, among other commercial collaborations.

Full content: Travel Biz Monitor

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