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Tuesday, July 9, 2013

Virgin now 60% owner of TT

  
Virgin Australia has now completed its 60% acquisition of Tigerair which was first announced in October last year.
The deal, which was announced on October 30 last year, will see Virgin Australia CEO John Borghetti become chairman of Tigerair to lead the low-cost carrier’s revitalisation.
The aim is to grow Tigerair to become a sustainable and respected budget carrier within Australia.  It is still not confirmed what the final fleet size will be as when the take over was announced Borghetti said the fleet would grow to 35 aircraft by 2018, but in later statements said this may not in fact be the case.

Read more on the competed acquisition via Australian Aviation HERE

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