INDEPENDENT NEWS

Menzies Aviation seeks to acquire Skystar Airport Services

Published: Wed 28 Aug 2013 03:21 PM
Media Release - Menzies Aviation seeks clearance to acquire Skystar Airport Services
Issued 28 August 2013
Release No. 14
The Commerce Commission has received an application from Menzies Aviation (New Zealand) Limited seeking clearance to acquire 100% of Skystar Airport Services NZ Pty Limited.
Menzies Aviation provides airport ground and baggage handling services at various airports in New Zealand. Skystar Airport Services provides the same services at Christchurch and Dunedin Airports in New Zealand.
A public version of the application is available on the clearances register: http://www.comcom.govt.nz/business-competition/mergers-and-acquisitions/clearances/clearances-register/
Background
Assessing an application for a merger or acquisition
When considering a proposed merger, the Commission must decide whether the competition that is lost in a market when two businesses merge is substantial. We will give clearance to a proposed merger only if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
A fact sheet explaining how the Commission assesses a merger application is available at: http://www.comcom.govt.nz/mergers-and-acquisitions-merger-assessment-fact-sheet/

Next in Business, Science, and Tech

David McLean Appointed As KiwiRail Chair
By: New Zealand Government
‘More Milk From Fewer Cows’ Trend Continues In A Record Year For NZ Dairy Industry
By: Dairy NZ
Consents Remain At Record Levels
By: Statistics New Zealand
Fonterra Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update
By: Fonterra
Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts
By: Canterbury Museum
Demand High For Covid-proof Businesses
By: ABC Business Sales
Almost Two-fifths Of New Zealanders Don’t Feel Safe Enough To Shop In-store This Black Friday
By: PriceSpy
View as: DESKTOP | MOBILE © Scoop Media