Case M.11886 AAR/Air France/Xcelle Asia JV Non-Opposition
Summary
The European Commission issued a non-opposition decision for Case M.11886, clearing the proposed concentration involving AAR, Air France, and Xcelle Asia JV under the EU Merger Regulation. The Commission determined that the transaction would not raise competition concerns in the relevant markets and did not require further review or remedies.
What changed
The European Commission has issued a non-opposition decision for Case M.11886 (AAR/Air France/Xcelle Asia JV), formally clearing the proposed concentration under Council Regulation (EC) No 139/2004. The Commission's review concluded that the transaction would not significantly impede effective competition in the relevant markets, allowing the parties to proceed with the deal without conditions or remedies.
For the parties involved (AAR, Air France, and Xcelle Asia JV), this decision represents unconditional clearance enabling transaction completion. No further regulatory filings or conditions are required from the EC in connection with this concentration. The parties should proceed with any remaining jurisdictional filings in other jurisdictions and transaction closing mechanics.
What to do next
- Monitor for any subsequent EC requests for information
- Review transaction closing conditions
Archived snapshot
Apr 9, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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Non-opposition to a notified concentration (Case M.11886 – AAR / AIR FRANCE / XCELLE ASIA JV)
C/2025/7439
OJ C, C/2026/2126, 9.4.2026, ELI: http://data.europa.eu/eli/C/2026/2126/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
ELI: http://data.europa.eu/eli/C/2026/2126/oj
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| | Official Journal
of the European Union | EN
C series |
| | C/2026/2126 | 9.4.2026 |
Non-opposition to a notified concentration
(Case M.11886 – AAR / AIR FRANCE / XCELLE ASIA JV)
(Text with EEA relevance)
(C/2026/2126)
On 29 October 2025, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:
| — | in the merger section of the ‘Competition policy’ website of the Commission (https://competition-cases.ec.europa.eu/search). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32025M11886. EUR-Lex is the online point of access to European Union law. |
(1) OJ L 24, 29.1.2004, p. 1.
ELI: http://data.europa.eu/eli/C/2026/2126/oj
ISSN 1977-091X (electronic edition)
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