Public consultation has been sought on a proposed joint venture between CAE International and Singapore Airlines (SIA) to set up a commercial flight training centre in Singapore. In this context, Competition Commission of Singapore (CCS) will conduct a public exercise from today till January 10 next year.
The joint venture will operate a commercial fixed wing flight training centre for the Boeing Aircraft types. It will primarily support the training needs of SIA and its wholly-owned airline subsidiaries in Singapore, as well as third party airlines and other customers in respect of the JV training devices.
Issuing a press release today, Competition Commission of Singapore CCS said, “We received a notification from CAE and SIA for a decision on the proposed transaction on December 19. CCS is assessing whether the proposed transaction would infringe section 54 of the Competition Act which prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition within any market in Singapore.
The market for the provision of aircraft pilot training services is "highly competitive" in view of the large number of suppliers including aircraft manufacturers, airlines and independent third parties, CCS said in its release.
CAE International is registered and incorporated in Canada, and is an indirectly wholly-owned subsidiary of CAE Inc which is listed on the Toronto and New York stock exchanges. CAE Group designs, manufactures and supplies simulation equipment, provides training, and develops integrated training solutions for defence and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers and for healthcare education and service providers.
The CAE Group offers a range of flight training devices based on the same software used on its simulators. It also operates a global network of training centres with locations around the world.
