Virgin Australia says finalisation of its acquisition of a 60 per cent stake in Tiger Airways Australia should be complete by mid-July, following approval of the deal by the Foreign Investment Review Board.
“This confirmation satisfies another condition for the proposed acquisition of Tiger Australia, which will enable Virgin Australia to access the budget market segment and expedite the growth of Tiger Australia,” Virgin Australia said in a statement.
The airline said the deal still remains subject to “certain conditions”.
Start your very own aviation journey with Australian Aviation. Sign up today for as little as $49.95 and you’ll enjoy access to:
You can always rely on us to keep you in the know.
Join now and start enjoying all these benefits today.