Friday, February 22, 2013

Tiger Airways

Tiger Airways: Sources reportedly highlighted that Tiger is contemplating shutting down its loss-making Australian ops if it does not get regulatory approval to sell its 60% stake to Virgin Australia (VA) for AU$35m. Australian Competition & Consumer Commission (ACCC) had described the Virgin-Tiger merger as "complicated". Ongoing M&A deals in Australia wld result in a consolidation of the domestic aviation mkt - with Qantas/Jetstar/Emirates on one side against VA/Tiger/Skywest/SIA on the other. Analysts reckon the deal would carve up the Australian mkt with VA controlling 34%, and Qantas the balance. The ACCC will give its final decision on 14 Mar.

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