A PYMNTS Company

Australia: Major airline merger deals under close ACCC watch

By  |  October 30, 2012

Virgin Australia’s proposed deal to buy part of Tiger Australia airlines will be under close scrutiny, according to the ACCC. Virgin In the deal, Virgin Australia aims to acquire 60 percent of Tiger Airlines; additionally, it will propose a $47 million deal to take over Skywest Airlines. Virgin also plans to work more closely with Singapore Airlines, who would in turn pay $105 million for 10 percent of Virgin. Virgin Australia, the continent’s second-largest airline, has proposed the deal in a strategic move against its major competitor, Quantas Airlines.

Full Content: BusinessDay

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.