Virgin Australia seals Skywest deal

All aspects of the acquisition have been approved.

Virgin Australia’s acquisition of Skywest Airlines has gained the approval of the High Court of Singapore.

Virgin Australia acquired 100 percent of the issued share capital of Skywest after a positive shareholder vote by Skywest Airlines representatives earlier in March.

The High Court of Singapore’s approval of this venture must be agreeable to a scheme of arrangement under Singaporean laws, subject to certain conditions – effective 11 April 2013.

Virgin Australia recently received confirmation that the Foreign Investment Review Board (FIRB) has no objections to the acquisition.

Source = e-Travel Blackboard: P.T.
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