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.

About author

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.

View all posts by this author →

You might also like

National 0 Comments

750kg of cocain seized en route to Australia

Australian and international authorities have intercepted 750kg of cocaine on a Yacht in Vanuatu.

National 0 Comments

Sinodinos to face ICAC

ICAC will today hear from Liberal Senator Arthur Sinodinos over his role at AHW

National 0 Comments

Julia Gillard signs new China agreement

Prime Minister Julia Gillard has sealed a new major partnership agreement with the Chinese Premier.

National

Police raid home of man accused of gun supply in Curtis Cheng murder

Police have raided the home of the manĀ  accused of supplying a gun to a teenager, who shot dead a Parramatta police employee in a terror attack this year. The

0 Comments

No Comments Yet!

You can be first to comment this post!