A PYMNTS Company

Singapore: Officials clear extended JV for struggling airlines

 |  August 10, 2014

Singapore officials will allow an extension of a joint venture between Tiger Airways and Scoot that aims to boost both the struggling companies, say reports.

The Competition Commission of Singapore has extended antitrust immunity to the two budget airlines to continue to collaborate on pricing, scheduling and other ventures. Some experts say the extended partnership could allow Singapore Airlines, which owns the companies, to restructure the ventures more easily. The CCS found that the partnership, which allows collaboration on air traffic from Changi airport, will support the nation’s overall economy.

Singapore Airlines owns about 40 percent of Tiger and 100 percent of Scoot, say reports.

Full content: Reuters

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