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#1
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Virgin Australia buys majority interest in Tiger Australia
my twitter account running hot on this deal
more to come, see ASX for announcement
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used to fly globally on business, now retired Last edited by Andrew P; 30th October 2012 at 08:07 AM. Reason: ASX update |
#2
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Quote:
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#3
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And Singapore buys 10% of Virgin.
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#4
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So whats the ownership mix of Virgin Holdings now:
10% SIA 10% Etihad 20% ANZ 30% SRB or does he own more? 30% other investors |
#5
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Singapore's 10% purchase gives Virgin Australia A$105.3mio to buy 60% of Tiger for only $A$35mio - nice deal.
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Joined 1999 @www16Right FlightDiary Airliners Web QR Retired PPL C150/172 PA28-161/181 Pitts S-2B SIM: 12Hr QF B767 B744 CX B742 Nikon D100-D200-D300-D500 |
#6
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Quote:
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#7
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So does this give Tiger Australia access to the International market now if approved?
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#8
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Yes.
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#9
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It is all really quite straight-forward; Virgin's strategy isn't working, so they had to purchase a controlling stake in Tiger, and Tiger's business isn't successful, otherwise they would not need someone to take them over...
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#10
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Nothing is ever straight forward in the airline industry!
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