CCCS grants conditional approval on SIA, Lufthansa joint venture

The applicants commit to maintaining seat capacity on an aggregated basis.

The Competition and Consumer Commission of Singapore (CCCS) has granted conditional approval for the joint venture of Singapore Airlines Limited (SIA) and Deutsche Lufthansa AG.

CCCS said that the venture may restrict competition on the affected routes as they are the only two airlines operating direct flights to and from Singapore, namely Singapore-Frankfurt, and Singapore Zurich.

Therefore, the applicants commit to maintain seat capacity on an aggregated basis on the two routes; carry a minimum number of Singapore passengers on the mentioned routes; and appoint an independent auditor to monitor and report compliance.

In 2022, the airlines submitted that the expanded joint venture would lead to increased passenger numbers and tourists to Singapore; more competitive fares; and expanded virtual networks of the airlines.

It would also benefit corporate account customers; and improve connectivity for both SIA and Lufthansa to recover from the coronavirus pandemic.

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