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”.
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.