Prior notification of a concentration (Case M.12495 – HAECO / TTC / JAL / SUN GROUP / HAECO VIETNAM (AIRCRAFT ENGINEERING) JV) – Candidate case for simplified procedure
Date: 2026-06-24
Institutions: Directorate-General for Competition, European Commission
Subjects: Asia, Japan, Viet Nam, aircraft, airline, carrier, economic concentration, maintenance, merger control, provision of services








C_202603359EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/3359


24.6.2026






Prior notification of a concentration
(Case M.12495 – HAECO / TTC / JAL / SUN GROUP / HAECO VIETNAM (AIRCRAFT ENGINEERING) JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/3359)


1.   
On 15 June 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Hong Kong Aircraft Engineering Company Limited (‘HAECO’) (Hong Kong), belonging to John Swire & Sons Limited (‘Swire Group’),










—


Toyota Tsusho Corporation (‘TTC’) (Japan),










—


Japan Airlines Co., Ltd. (‘JAL’) (Japan),










—


Sun Group Corporation (‘Sun Group’) (Vietnam), controlled by Mr Le Viet Lam,










—


HAECO Vietnam (Aircraft Engineering) Company Limited (‘JVC’) (Vietnam).




HAECO, TTC, JAL and Sun Group will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of JVC.
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


2.   
The business activities of the undertakings concerned are the following:






—


HAECO is a provider of maintenance, repair and overhaul services for commercial aircraft, mainly providing its services in Asia. HAECO is part of the Swire Group, a diversified global corporation, with businesses encompassing property, beverages and food chain, aviation, marine, as well as trading and industrial activities,










—


TTC is a trading company operating globally in the metals, parts and logistics, automotive, machinery, energy and projects, chemicals and electronics, and food and consumer services sectors,










—


JAL serves as the national flag carrier of Japan. Its main business activities are air passenger services, air cargo transportation, aircraft maintenance ground support services, ancillary aviation and travel services,










—


Sun Group is an investment company active in real estate, infrastructure and aviation. Sun Group only has business activities in Vietnam.






3.   

The business activities of the JVC will be the following: operation of an aircraft maintenance facility in Vietnam to provide heavy maintenance services for commercial aircraft in Vietnam. The JVC will not have any business activities and/or assets within the EEA.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12495 – HAECO / TTC / JAL / SUN GROUP / HAECO VIETNAM (AIRCRAFT ENGINEERING) JV
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2026/3359/oj
ISSN 1977-091X (electronic edition)