Virgin Australia completes Skywest acquisition

Virgin Australia Holdings has completed the acquisition of 100% of the issued share capital in Skywest Airlines, through a Scheme of Arrangement governed by the laws of Singapore.

Completion of the acquisition announced on 30 October 2012 provides Virgin Australia with the assets and capabilities to fast-track its advancement into the growth fly-in-fly-out and regional markets.

Virgin Australia chief executive officer John Borghetti, commented, “This acquisition gives Virgin Australia the ability to increase competition in these important market segments, which in turn will benefit jobs and tourism, especially in growing regional markets including Western Australia.”

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