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Virgin takeover of Skywest cleared by FIRB

written by australianaviation.com.au | March 19, 2013
Virgin's bid to buy Skywest has cleared another hurdle. (Cameron Wilkes)

Virgin’a Australia’s acquisition of Skywest Airlines has been approved by the Foreign Investment Review Board, clearing another hurdle for the deal to go forward.

Skywest shareholders last week approved the deal, which would see Virgin purchase 100 per cent of Skywest’s issued share capital. Under the agreement, Skywest would become a part of the Virgin brand while continuing to operate under its current Air Operator’s Certification and its own management team.

Virgin says the deal will enable it to fast-track growth in regional Australia and develop a better integrated network.

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The acquisition remains subject to approval by the Singapore High Court.

 

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Virgin takeover of Skywest cleared by FIRB

written by australianaviation.com.au | March 19, 2013
Virgin's bid to buy Skywest has cleared another hurdle. (Cameron Wilkes)

Virgin’a Australia’s acquisition of Skywest Airlines has been approved by the Foreign Investment Review Board, clearing another hurdle for the deal to go forward.

Skywest shareholders last week approved the deal, which would see Virgin purchase 100 per cent of Skywest’s issued share capital. Under the agreement, Skywest would become a part of the Virgin brand while continuing to operate under its current Air Operator’s Certification and its own management team.

Virgin says the deal will enable it to fast-track growth in regional Australia and develop a better integrated network.

Advertisement
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The acquisition remains subject to approval by the Singapore High Court.

 

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Virgin takeover of Skywest cleared by FIRB

written by australianaviation.com.au | March 19, 2013
Virgin's bid to buy Skywest has cleared another hurdle. (Cameron Wilkes)

Virgin’a Australia’s acquisition of Skywest Airlines has been approved by the Foreign Investment Review Board, clearing another hurdle for the deal to go forward.

Skywest shareholders last week approved the deal, which would see Virgin purchase 100 per cent of Skywest’s issued share capital. Under the agreement, Skywest would become a part of the Virgin brand while continuing to operate under its current Air Operator’s Certification and its own management team.

Virgin says the deal will enable it to fast-track growth in regional Australia and develop a better integrated network.

Advertisement
Advertisement

The acquisition remains subject to approval by the Singapore High Court.

 

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

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