The Competition and Consumer Commission of Singapore granted conditional approval to widen the geographical scope of a 2016 joint venture between Singapore Airlines (SGX:C6L) and German airline Lufthansa.
The expanded JV proposes to include more countries in the list of markets in which the two carriers provide scheduled air passenger services to boost tourism in the city-state.
The expanded list includes more territories across Europe and other regions, including Portugal, Iceland, Greece, Spain, the UK, Vietnam, and the Philippines.
It will also extend services operated by Swiss, Austrian Airlines, and Scoot, according to a Friday news release by the antitrust body.
Approval has been granted on certain conditions, ranging from carrying a minimum number of passengers per calendar year to the appointment of an independent auditor to monitor compliance.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。