# m8768.docx

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EUROPEAN COMMISSION

Brussels, 2.3.2018

C(2018) 1432 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties

:

Subject:Case M.8768 - SINGAPORE AIRLINES / CAE / JV 

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case M.

8768

-

SINGAPORE AIRLINES / CAE / JV

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 02 February 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Singapore Airlines Limited (‘SIA’, Singapore) and CAE International Holdings Limited (‘CAE’, Canada) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created company constituting a joint venture (‘the JV’) by way of purchase of shares.
  3

1.

On

02

February 2018

, the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

Singapore

Airlines L

imi

t

e

d (‘SIA’, Singapore) and

CAE International H

oldings Limited (‘CAE’, Canada)

acquire within the meaning of Article 3(1

)(

b)

and 3(4)

of the Merger Regulation joint control

of a newly created company constituting a joint venture (‘the JV’)

by way of purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-for SIA: supply of passenger and cargo air transportation, engeneering services, training of pilots, air charters and tour wholesaling and related activities,

-

for

SIA: supply of passenger and cargo air transportation,

engeneering

services, training of pilots, air charters and tour wholesaling and related activities,

-for CAE: investment holding company of the CAE group which designs, manufactures and supplies simulation equipment, provides training, and develops integrated 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 also operates a global network of training centers with locations around the world,

-

for CAE: investment holding company of the CAE group which designs, manufactures and supplies simulation equipment, provides training, and develops integrated 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 also operates a global network of training

centers

with locations around the world,

-for the JV: establishment, development and operation of a commercial flight training centre in Singapore to offer pilot type rating and recurrent flight training, for certain Boeing aircraft platforms.

-

for the JV: establishment, development and operation of a commercial flight training centre in Singapore to offer pilot type rating and recurrent flight training, for certain Boeing aircraft platforms.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

3.

After examination of the notification, the

European

Commission has concluded that the notified operation falls within the scope of

the

Merger

Regulation

and of

paragraph 5

(

a

)

of

the Commission Notice on a simplified procedure for treatment of certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the

European

Commission has decided not to oppose the notified operation and to declare it compatible with the

internal

market and with the EEA Agreement. This decision is adopted in application of Article 6(1

)(

b) of

the

Merger

Regulation

and Article 57 of the EEA Agreement

.

For the Commission

For the Commission

(Signed)

(Signed)

Johannes LAITENBERGER
  Director-General

Johannes LAITENBERGER

Director

-

General

OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.