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Aircraft and finance. Virgin Australia completes acquisition of a 60% stake in Tiger Airways

Canberra, Australia - John Borghetti appointed president of the low-cost carrier

Virgin Australia Holdings completed the acquisition of a majority stake in the low-cost carrier Tiger Airways. The agreement between the two companies was reached in October 2012: the Brisbane-based carrier agreed to pay 35 million Australian dollars for a 60% stake in the Australian subsidiary of Singapore's Tiger Airways Holdings, in order to fight with Qantas and its low-cost division Jetstar....

AVIONEWS - World Aeronautical Press Agency - 1153797
Rome, Italy, 07/09/2013 13:08
AVIONEWS - World Aeronautical Press Agency

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