CCCS clears acquisition
The competition and consumer commission of Singapore (“CCCS”) has cleared the proposed acquisition by ANA Holdings of 100% of the issued share capital in Nippon Cargo Airline.
ANAHD is the holding company for the ANA Group headquartered in Tokyo. In Singapore, it provides both international air passenger transport and air cargo transport to and from the city, deploying both dedicated freighters as well as passenger planes to transport cargo.
CCCS’s review focused on the relevant markets for the provision of direct and indirect air cargo transport services from Singapore to Tokyo, and from Tokyo to Singapore.
For air cargo transport flights between Singapore and Japan, Tokyo is the only city used by these parties for entry to and exit from Japan. They also overlap on other routes between Singapore and other countries/territories beyond Japan, where they generally operate such routes on an indirect basis via Tokyo. (cj)