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25. Samsung and Koh Brothers JV Wins Major Changi Airport Contract
Changi Airport Group (CAG) has awarded a S$1.12 billion contract to a joint venture formed by Samsung C&T Corporation and Koh Brothers Building & Civil Engineering Contractor, for the first package of works relating to the development of a three-runway system at Singapore Changi Airport. The award follows a competitive tender which saw participation from 10 tenderers.
26. Inmarsat and MCN to Establish JV for Aircraft Connectivity Solutions in China
Inmarsat has signed a Heads of Terms agreement with Beijing Marine Communication & Navigation (MCN), which will lead to the creation of a joint venture to provide aircraft cabin and cockpit connectivity solutions in Chinas fast-growing commercial aviation market.
27. Singapore Airlines Welcomes CCS Approval of Proposed JV with Lufthansa Group
Singapore Airlines has welcomed the Competition Commission of Singapores (CCS) approval of its proposed joint venture with the Lufthansa Group. The CCS decision is another step that will enable the two airline groups to build an integrated alliance, with an expanded network and seamless travel connectivity for customers.
28. Banyan Tree Completes China Vanke JV
Banyan Tree Holdings and China Vanke have established Banyan Tree Assets (China) (BTAC), a 50:50 joint venture incorporated in Singapore. BTAC holds a 40% stake in each of Banyan Trees operating companies incorporated in Singapore, Banyan Tree Hotel Management (China) (BTMC) and Banyan Tree Services (China) (BTSC) respectively.
29. Delta and WestJet to Establish JV
Delta Air Lines and WestJet have signed a definitive agreement to create a comprehensive transborder joint venture arrangement that will offer customers an extensive route network within the U.S. and Canada.
30. Private Jet Charter and Jet Connections Establish Joint Venture
Private Jet Charter (PJC), one of the world's largest independent private jet charter brokers, has sealed a joint venture (JV) deal with Jet Connections, an international company specialising in private aircraft management, sales and acquisitions. The new joint venture will offer aircraft management services to the regions fleet of 395 business jets, and later in the year expand t
31. New Airport Ground Handling JV in Shanghai
Shanghai Airport Authority, Shanghai International Airport, Air China and Cathay Pacific have established a joint venture company in Shanghai for the provision of airport ground handling services at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.
32. FCM Partners NSF Engagement for JV in Japan
FCM, one of the worlds largest travel management companies, has partnered with NSF Engagement to create a joint venture in Japan. The investment will boost FCMs presence in Asia, and will make it easier for corporations there to make the most of FCMs services as they return to travel. Published by TravelNewsAsia.com on 2 September 2021.

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