ASEAN KEY DESTINATIONS
MAS-AirAsia share deal under scrutiny
KUALA LUMPUR: Malaysia Competition Commission (MyCC) will look into the share swap deal between Malaysian Airline System Bhd (MAS) and AirAsia Bhd when the Competition Act 2010 comes into effect Jan 1 next year.
Its chief executive officer, Shila Dorai Raj, said there were already complaints from consumers and they had urged MyCC to look into the deal and whether it would affect them.
“(However) we’re not sure because we really need to read the agreement to ensure there’s an element of anti-competitiveness.
“So far neither MAS nor AirAsia has submitted anything to MyCC,” she told reporters after CEO Business Luncheon with MyCC chairman, Tan Sri Siti Norma Yaakob, here yesterday.
“Where consumers are concerned they would become our priority. If there’s a complaint we will investigate and take necessary action but it does not mean we will be pursuing every complaint.
“It has to be substantial for us to use our resources,” she said.
On whether companies were ready for Competition Act, Shila said, although the state of readiness could be relative, there’s no reason for them not to be ready.
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