Oct 30, 2012

Virgin Australia's takeover of Perth's Skywest A/L

Australia's second largest airline Virgin Australia announced today a A$102 million take over offer for Western Australia's regional airline Skywest Airlines, and also taken a 60% stake holding in budjet airline Tiger Airways (Australia) for an estimated A$35 million.

In a seperate further announcement today, Virgin Australia also confirmed to media outlets that Singapore Airlines had also bought a 10% stack in the Australian airline at an estimated cost of A$105 million.

These announcements today, come in the wake of the Qantas / Emirates Global partnership agreements announced last month. 

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