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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”.

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