Tiger announces a merger with Virgin

Tiger announces a merger with Virgin

Budget airline Tiger Airways has announced its forming a partnership with Virgin Australia, selling a 60 per cent stake in its operations for $35 million.

Tiger and Virgin have also agreed to invest another $62.5 million to continue expanding the low-cost budget carrier, with plans to expand the fleet from 11 aircraft to 35, by 2018.

Chief Executive of Virgin Australia John Borgetti says the deal will allow Virgin to keep a strong foothold in the budget travel market.

Meanwhile, Virgin Australia is leading a major aviation shake up announcing today it has sold a 10 per cent stake to Singapore Airlines and made a bid to takeover regional carrier SkyWest.

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Amy Whittaker
Amy Whittaker 1402 posts

Amy joined the NRN team in August 2011, before graduating from a B of Arts (Communication-Journalism)/B of Sports Studies from Charles Sturt University in December 2011.

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