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Australia: ACCC resets deadline for Virgin, Tiger merger

By  |  April 16, 2013
Australia: ACCC resets deadline for Virgin, Tiger merger

A new deadline of April 24 has been set by the Australian Competition and Consumer commission to decide on the proposed acquisition of 60 percent of Tiger Australia by Virgin Australia. According to reports, the largest issue of the detail is that the acquisition would allow Virgin Australia to have another low-cost airliner within the country similar to Qantas’s acquisition of Jetstar, branded as Virgin Blue. The deal, however, would save Tiger Australia as the Singapore-based airline is facing financial issues that are reported as “unsustainable.” The original deadline to decide on the deal was March 18.

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