Malaysia Competition Commission (MyCC) will officially look into the deal between Malaysia Airlines (MAS) and AirAsia when the Competition Act comes into effect on January 1 next year.
However, chief executive officer Shila Dorai Raj said neither MAS nor AirAsia had submitted any report to MyCC.
MyCC received several complaints from consumers, especially during its road show in Sabah and Sarawak recently.
"Our priority is the consumers. We will investigate the deal next year onwards. From our initial analysis, we think there could be something," she told reporters.
Yesterday, International Chambers of Commerce (ICC) organised the "ICC Malaysia CEO Business Luncheon Talk on Competition Act 2010: An Insight into What to Expect".
MyCC chairman MyCC chairman Tan Sri Siti Norma Yaakob was present as a guest speaker to give an insight into the Competition Act.
"The Act is important to further boost foreign investment to help spur Malaysia's vision to be a high income economy by year 2020," she said.
Earlier, in an interview with another media, she said the commission will follow the development of MAS-AirAsia deal closely to see if any anti-competitive activities or agreements arise following the alliances between both airlines.
The Competition Act is to prevent business monopolies or cartels. It will apply to all commercial activities undertaken within and outside Malaysia that affect competition in the country.
The Act will provide a regulatory framework including powers to investigate, adjudicate and impose penalties.
The introduction of the Act would create healthy competition, which would in turn stimulate production and innovation thus leading to a wider choice of products with better quality and reasonable prices.
Since its inception in June 2011, MyCC has initiated advocacy programmes to increase awareness of the Act among the stakeholders, especially businessmen.