Latest news with #commercialcooperation
Malay Mail
08-07-2025
- Business
- Malay Mail
Singapore competition watchdog grants conditional nod to Malaysia Airlines-SIA tie-up
SINGAPORE, July 8 — The Competition and Consumer Commission of Singapore (CCCS) on Monday granted conditional approval for the proposed commercial cooperation between Singapore Airlines Ltd (SIA) and Malaysia Airlines Bhd. The proposed cooperation will see the two airlines work together on scheduling, pricing, sales and marketing, and other commercial areas, including expanded codesharing and special prorate arrangements. In a statement, CCCS said the airlines had submitted a set of proposed commitments to address the commission's concerns over price and capacity coordination that could restrict competition on the Singapore-Kuala Lumpur (and vice versa) route. The proposed commitments include maintaining weekly seat capacity at current levels, increasing capacity upon meeting certain performance benchmarks, reporting annual operational data for their low-cost carriers (LCCs) on the route, and appointing an independent auditor to monitor compliance. 'Taking market developments into account, including the impending permanent cessation by Jetstar Asia Airways Pte Ltd, CCCS accepted the proposed commitments as being sufficient to address its competition concerns arising from the proposed cooperation,' the commission stated. CCCS noted that no concerns were raised by industry stakeholders during the consultation period from February 11 to March 4, 2025. CCCS chief executive Alvin Koh said such joint ventures could improve connectivity and offer more choices for travellers. 'The proposed commitments offered by Singapore Airlines and Malaysia Airlines allow for flexibility to react to market developments and ensure that more flights will be added along the Singapore-Kuala Lumpur route as travel demand increases, which would translate to more travel options and better prices for passengers in the long run,' he said. Koh added that CCCS would continue to monitor developments in the sector to ensure competition delivers positive outcomes for consumers. SIA and Malaysia Airlines submitted a joint application to CCCS on March 24, 2023, on whether the proposed cooperation would be an anti-competitive agreement under the Competition Act 2004. A further submission was made on November 3, 2023, stating that the cooperation would be limited to their full-service carriers and would not extend to their affiliated LCCs, namely Scoot and Firefly. CCCS is a statutory board of the Ministry of Trade and Industry that administers and enforces the Competition Act 2004 and the Consumer Protection (Fair Trading) Act 2003, to guard against anti-competitive activities and unfair trade practices. — Bernama
Trade Arabia
28-05-2025
- Business
- Trade Arabia
Cebu Pacific, flyadeal enter wet lease, cooperation deal
Cebu Pacific (CEB), Philippines' leading carrier, and flyadeal, Saudi Arabia's fast growing low-cost airline, today signed a memorandum of understanding (MoU) to explore joint strategic commercial initiatives. The agreement covers a wide range of opportunities in commercial cooperation and support in maintenance and engineering. The first phase of the MoU will see flyadeal utilise two of Cebu Pacific's Airbus A320 aircraft on a wet-lease arrangement for the upcoming summer peak flying season in Saudi Arabia. Reciprocally, Cebu Pacific is examining wet-leasing flyadeal A320s during the busy winter period in Southeast Asia at the end of the year. The agreement was signed at a joint press conference held in Manila on May 28 at which flyadeal Chief Executive Officer (CEO) Steven Greenway and Cebu Pacific CEO Mike Szucs outlined plans for a phased cooperation beginning with the wet-lease arrangement. Talks between the two airlines began earlier this year following a visit by Greenway and a flyadeal delegation to Manila to learn more about Cebu Pacific's A330-900neo operations. flyadeal, the Middle East's fastest growing airline, recently announced plans to venture into the long-haul market with an order for 10 A330 widebodies to be deployed between Saudi Arabia and the Philippines, and across southeast Asia from 2027. Greenway said: 'Today's agreement is momentous as it marks flyadeal's first ever strategic airline partnership. It was clear and obvious that flyadeal could learn a lot from Cebu Pacific's experience of low-cost long-haul operations given we will be inducting the same A330-900neos into our fleet in just two years' time. There are great benefits in sharing technical knowledge, training, and best practice in preparation for our A330 induction and, of course, we are both A320 operators. 'This was the starting point for wide-ranging commercial discussions covering a broad range of areas including more immediate needs of wet-leasing aircraft for flyadeal's busy upcoming summer season. A win, win situation all round to bring in Cebu Pacific aircraft during our peak period and vice versa for Mike and his team to explore taking our aircraft for their winter peak later this year.' Szucs explained: 'With Cebu Pacific's growing fleet, we seek to maximize the potential of our increased capacity through all months of the year. The utilization of our capacity by other carriers during our lean season is a way of achieving that.' 'This partnership with flyadeal highlights Cebu Pacific's growing capability to support international carriers through wet leasing and broader operational collaboration. It diversifies our revenue streams and further expands Cebu Pacific's presence beyond the Asia Pacific region.'
