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gobbledonk

Virgin Australia Buys 60 Per Cent Of Tiger

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Having flown to Sillypore, KL and BKK on various budget carriers, I cant say that I'm in any hurry to buy a seat on a Tiger flight - still, choice is good. Seems odd when SIA were making all sorts of noises about 'reinvigorating the brand' just a month or so ago - I guess its all part of getting the price you want.

 

My link

 

Virgin Australia has bought a 60 per cent stake in low cost carrier Tiger Airways Australia for $35 million.

 

The deal will allow Tiger to expand its capacity in Australia and offer more attractive offers to customers, Tiger said.

 

Tiger and Virgin said they would spend up to $62.5 million on Tiger Australia to increase its fleet from 11 aircraft to 35 by 2018.

 

Tiger will continue to use the Tiger brand for at least another 20 years.

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