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ACCC approves Virgin Australia’s quest for Skywest

written by australianaviation.com.au | January 31, 2013
Skywest is one step closer to being re-branded as Virgin Australia. (Carsten Bauer)

Virgin Australia has welcomed approval by the Australian Competition and Consumer Commission (ACCC) for the outright acquisition of Skywest.

Virgin Australia’s CEO, John Borghetti said the ACCC clearance was an important step in the airline’s growth plans.

“This acquisition will enable us to accelerate our expansion in the high growth fly-in-fly-out (FIFO) and regional markets, increasing competition in these important segments and bringing new benefits to customers. It will also be very positive for business and tourism, particularly in Western Australia and regional Australia, as we will invest to support the growth of Skywest”, Borghetti added.

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Under the arrangement Skywest would be branded Virgin Australia, but would retain its own operators certificate and management team.

The proposed acquisition remains subject to Foreign Investment Review Board approval, as well as that of Skywest shareholders and the Singapore High Court.

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

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ACCC approves Virgin Australia’s quest for Skywest

written by australianaviation.com.au | January 31, 2013
Skywest is one step closer to being re-branded as Virgin Australia. (Carsten Bauer)

Virgin Australia has welcomed approval by the Australian Competition and Consumer Commission (ACCC) for the outright acquisition of Skywest.

Virgin Australia’s CEO, John Borghetti said the ACCC clearance was an important step in the airline’s growth plans.

“This acquisition will enable us to accelerate our expansion in the high growth fly-in-fly-out (FIFO) and regional markets, increasing competition in these important segments and bringing new benefits to customers. It will also be very positive for business and tourism, particularly in Western Australia and regional Australia, as we will invest to support the growth of Skywest”, Borghetti added.

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Under the arrangement Skywest would be branded Virgin Australia, but would retain its own operators certificate and management team.

The proposed acquisition remains subject to Foreign Investment Review Board approval, as well as that of Skywest shareholders and the Singapore High Court.

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

Leave a Comment

Your email address will not be published. Required fields are marked *

ACCC approves Virgin Australia’s quest for Skywest

written by australianaviation.com.au | January 31, 2013
Skywest is one step closer to being re-branded as Virgin Australia. (Carsten Bauer)

Virgin Australia has welcomed approval by the Australian Competition and Consumer Commission (ACCC) for the outright acquisition of Skywest.

Virgin Australia’s CEO, John Borghetti said the ACCC clearance was an important step in the airline’s growth plans.

“This acquisition will enable us to accelerate our expansion in the high growth fly-in-fly-out (FIFO) and regional markets, increasing competition in these important segments and bringing new benefits to customers. It will also be very positive for business and tourism, particularly in Western Australia and regional Australia, as we will invest to support the growth of Skywest”, Borghetti added.

Advertisement
Advertisement

Under the arrangement Skywest would be branded Virgin Australia, but would retain its own operators certificate and management team.

The proposed acquisition remains subject to Foreign Investment Review Board approval, as well as that of Skywest shareholders and the Singapore High Court.

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

Leave a Comment

Your email address will not be published. Required fields are marked *

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