Singapore’s competition regulator has cleared the proposed MRO joint venture between Boeing and SIA Engineering (SIAEC).
In a statement, the Competition Commission of Singapore says that the proposal will “not substantialy lessen competition in any market in Singapore,” and thus would not contravene competition law.
The clearance now allows the joint venture, Boeing Asia Pacific Aviation Services, to proceed. Boeing holds a 51% stake in the company and SIAEC the remainder.
The Commission’s investigation into the joint venture focused on inventory technical management and fleet technical management services where Boeing and SIAEC overlap, but was satisfied that there remains sufficient alternative providers of such products to maintain competitive tension.
Scoot’s Boeing 787s and Singapore Airlines’ 777-300ERs will be maintained by BAPAS.
UPDATED: Corrected ownership details of joint venture.
Source: Cirium Dashboard