Close sidebar

Tiger takeover to finalise mid-July following FIRB approval

written by australianaviation.com.au | May 28, 2013
A file image of passengers boarding at Tiger flight at Melbourne.

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”.

Advertisement
Advertisement

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.

Tiger takeover to finalise mid-July following FIRB approval

written by australianaviation.com.au | May 28, 2013
A file image of passengers boarding at Tiger flight at Melbourne.

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”.

Advertisement
Advertisement

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.

Tiger takeover to finalise mid-July following FIRB approval

written by australianaviation.com.au | May 28, 2013
A file image of passengers boarding at Tiger flight at Melbourne.

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”.

Advertisement
Advertisement

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.

Tiger takeover to finalise mid-July following FIRB approval

written by australianaviation.com.au | May 28, 2013
A file image of passengers boarding at Tiger flight at Melbourne.

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”.

Advertisement
Advertisement

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.

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year