Australia’s Foreign Investment Review Board (FIRB) has given Virgin Australia’s proposed takeover of Tigerair Australia the green light.
In a statement to the Australian stock exchange on Friday, Virgin said the all clear from FIRB satisfied one of the conditions for the deal, which was expected to be completed by the end of 2014.
This content is available exclusively to Australian Aviation members.
Login
Become a Member
To continue reading the rest of this article, please login.Forgot password?
To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today! A monthly membership is only $5.99 or save with our annual plans.
“Virgin Australia Holdings Ltd today welcomed the Foreign Investment Review Board’s statement that it has no objections to the proposed acquisition,” Virgin said.