Competition watchdog accepts capacity commitments by SIA, Lufthansa

The Competition Commission of Singapore (CCS) on Monday said it has accepted voluntary commitments from Singapore Airlines and Lufthansa, in clearing their proposed joint venture. The joint venture involves co-operation between SIA and Lufthansa regarding scheduled air passenger services between some European countries - specifically Germany, Austria, Switzerland and Belgium - and Singapore, Indonesia, Malaysia and Australia in Asia-Pacific. Story lists commitments. With these commitments, CCS said it is of the view that the competition concerns that were previously identified on these routes will be addressed, and that the proposed joint venture will result in economic benefits to Singapore. "In particular, the commitments would ensure an increase in capacity and frequency on flights between the Singapore–Frankfurt and Singapore–Zurich routes, and would lead to increased passenger numbers and tourists to Singapore, and accordingly benefit Singapore’s economy," CCS said. <br/>