In addition, the proposed expanded JV will extend to services operated by Swiss International Air Lines, Austrian Airlines AG and Scoot.
Shares in Singapore Airlines (SGX:C6L
) (SIA) closed 8 cents higher or 1.27% up at $6.36 on Jan 31, after the Competition and Consumer Commission of Singapore (CCCS) announced on Jan 31, that it granted its conditional approval for the proposed expanded joint venture (JV) between SIA and Deutsche Lufthansa AG.
Both airlines filed a joint application to the CCCS in December 2022 to expand its geographic scope under its JV partnership, which was implemented in 2016. The expanded list includes most of the Eastern European countries such as Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Greece, as well as countries like Iceland, Ireland, Italy, Spain, Switzerland and the UK. The expanded JV will also include New Zealand, Vietnam and the Philippines
