Virgin Australia completed its acquisition of Perth-based regional Skywest Airlines last month through a so-called scheme of arrangement governed by the laws of Singapore.
Virgin Australia
December 4, 2012 - 4:10am
Virgin Australia said it has reached an agreement in principle to buy a 100-percent stake in Perth, Australia-based Skywest Airlines. Announced on October 30 and still subject to approvals from regulatory authorities and Skywest shareholders, the deal would see the Western Australian regional assume the Virgin Australia brand and, according to Virgin Australia CEO John Borghetti, benefit from further investment by the would-be parent company.
