Regional Round-Up
Virgin Australia, Skywest deal approved
February 1st 2013
The Australian Competition and Consumer Commission (ACCC) has given the green light to Virgin Australia to acquire Perth-based Skywest Airlines. A decision by the competition watchdog on Virgin taking a 60% stake in Tiger Airways Australia was due as Orient Aviation went to press. Read More »
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| Virgin Australia: acquisition of Skywest Airlines agreed by Australian competition watchdog |
Said Virgin CEO, John Borghetti: “The ACCC’s clearance represents an important step for Virgin Australia in completing the proposed acquisition of Skywest.” He added that the deal still needed clearance from the Foreign Investment Review Board, Skywest’s shareholders and the Singapore High Court.
Skywest will retain its existing air operator’s certificate and management team if all the hurdles are cleared, but will become part of the Virgin Australia brand. Virgin has 100 aircraft operating 3,200 flights a week. Skywest has 28 planes and provides regional flights within and beyond Western Australia.
