Pakistan, March 25 -- The Competition Commission of Pakistan (CCP) on Monday approved a joint venture between Fly Jinnah Services (Private) Limited and Air Arabia Academy LLC to establish Fly Jinnah T3 Flight Academy (Private) Limited. The new entity will provide aviation training services in Pakistan, marking a significant development in the country's aviation education sector.
The Commission evaluated the pre-merger application submitted by the two parties under the Competition (Merger Control) Regulations, 2016.
As per the agreement, both parties will jointly invest in the new company to establish the training institute. The competition assessment revealed that the transaction is of a conglomerate nature, with no horizontal overlaps be...