Virgin Australia is about to get a boost in the domestic Australian market as well as in the Southeast Asian market with 2 new deals. The airline has announced its takeover of Perth-based regional airline Skywest, which flies in Australia and to Southeast Asia, for about $102 million.
Virgin also announced its purchase of a 60 percent stake in low-cost Australian carrier Tiger Airways for about $26 million.
The deals, which are subject to regulatory approval, come in the wake of Singapore Airlines’ purchase of a 10 percent stake in Virgin Atlantic for about $108 million.
Singapore Airlines and Virgin Australia had signed a long-term partnership agreement in 2011 and are also considering expanding code-share arrangements.
Abu Dhabi based Etihad also has a minority stake in Virgin Australia.