Virgin Skywest deal clears hurdle

Virgin Skywest deal clears hurdle
By admin


The Securities Industry Council of Singapore has given the all clear for Virgin Australia to acquire Skywest.

The deal is still subject to approval from the Australian Competition and Consumer Commission (ACCC), Australian Foreign Investment Review Board and the High Court of Singapore.

Skywest shareholders also need to agree the transaction.

Virgin announced in October its plan to acquire Skywest for $98.7 million.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

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