The ACCC has cleared Virgin Australia's $98 million plan to buy regional airline Skywest.
-
The ACCC has cleared Virgin Australia's $98 million plan to buy regional airline Skywest.
-
The ACCC says it won't oppose Virgin's proposed takeover of Skywest.
-
Emirates president Tim Clark says consumers will be the winners from an Emirates-Qantas tie-up.
-
-
FILE - In this Sept. 9, 2008, file photo, the logo on a BlackBerry smartphone is shows in Bochum, Germany. The maker of the BlackBerry smartphone is promising a speedy browser, a superb typing experience and the ability to keep work and personal identities separate on the same phone, the fruit of a crucial, long-overdue makeover for the Canadian company. (AP Photo/dapd, Volker Hartmann)
-
Thorsten Heins, CEO of Research in Motion, introduces the BlackBerry 10, Wednesday, Jan. 30, 2013 in New York. The maker of the BlackBerry smartphone is promising a speedy browser, a superb typing experience and the ability to keep work and personal identities separate on the same phone, the fruit of a crucial, long-overdue makeover for the Canadian company. (AP Photo/Mark Lennihan)
Vic govt supports Virgin's bid for Tiger
The Victorian government has thrown its support behind Virgin Australia's bid for a major stake in budget airline Tiger Airways, saying the deal will provide economic benefits.
Victoria's Minister for Innovation, Services and Small Business Louise Asher says Virgin's bid for a 60 per cent stake in Tiger Airways will benefit tourism and jobs in the state.
"This arrangement between Virgin Australia and the Singapore Airlines-backed Tiger Airways could see Tiger's Victorian operations grow from 11 up to 35 aircraft and we believe that offers the aviation sector in this state a great opportunity to grow," Ms Asher said in a statement on Friday.
She said the deal would increase capacity from Melbourne to Tiger Airways' Asian hub ports and key tourism and trade markets in China and southeast Asia.
The state government had written to Australian Competition and Consumer Commission (ACCC) expressing support for the partnership, Ms Asher said.
The deal is subject to approval from the ACCC and the Foreign Investment Review Board.
ACCC chairman Rod Sims has previously said the watchdog's preliminary view on the deal was that it might raise competition concerns in the market for Australian domestic air travel.
Virgin surprised the market in October when it announced a $98 million bid for Skywest and a 60 per cent buy-up of Tiger Airways.
The ACCC has already approved the Skywest bid and expects to announce its final decision on the Tiger deal on March 14.
Tags:
jobs, small, tiger airways, virgin australia, victorian government, rod sims, aircraft, consumer commission, australia, singapore, arrangement, bid, statement, federal government of the united states, airline, china, support, budget, innovation, deal, tiger airways australia, vic govt, business, australian competition, australian competition and consumer commission v baxter healthcare, melbourne, cent, state, government, services, final decision, approval, state., watchdog, foreign, great opportunity, major stake, airline tiger airways, airlines-backed tiger airways, tiger airways.the accc, ms asher, asher said.the deal, tiger deal, business louise asher, skywest bid, review board.accc chairman, asian hub ports, asia.the state government, australian domestic air, victorian operations, key tourism, economic benefits.victoria, preliminary view, trade markets, aviation sector, competition concerns, friday.she
Print Page
