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Boeing-SIAEC joint venture gets the nod

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Published Thu, Apr 9, 2015 · 09:50 PM

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    THE Competition Commission of Singapore (CCS) has given the green light to a proposed joint venture between aircraft-maker Boeing Company and SIA Engineering Company (SIAEC) to provide a range of maintenance, repair and overhaul (MRO) services in Asia.

    The competition watchdog said in a statement that the proposed joint venture would not substantially lessen competition in any market in Singapore.

    Boeing will have a 51 per cent stake in the joint venture and Singapore Airlines unit SIAEC, the remaining 49 per cent.

    Boeing

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