Singapore Airlines and Garuda Indonesia receive approval for joint venture

Singapore Airlines (SIA) and Indonesian flag carrier Garuda Indonesia have received approval from the Competition and Consumer Commission of Singapore for a joint venture (JV) agreement. The two companies said on July 5 that the JV will allow them to collaborate on a wider range of commercial activities that will benefit both airlines, as well as Singapore and Indonesia. These activities may include operating joint revenue-sharing flights between the two countries; coordinating flight schedules to offer travellers more options; “seamless connectivity” between Singapore, Indonesia and other countries; and exploring joint sales and marketing initiatives that provide greater value to both airlines’ customers. SIA and Garuda first announced their plans to enter into a JV agreement in May 2023, with aims to increase passenger capacity between Singapore and Indonesia. In May 2024, both airlines signed an agreement to explore revenue-sharing arrangements for flights between the two countries, on top of allowing their frequent flyer members to earn and redeem miles on codeshare flights. These flights include routes between Singapore and Bali, Jakarta, Medan and Surabaya in Indonesia, as well as long-haul routes between Singapore and Johannesburg, London, and Mumbai.<br/>