Tiger Airways shareholders approve Virgin acquisition

Virgin Australia has received approval from Tiger Airways shareholders to purchase up to 60 percent in the no-frills airline.

Announced less than a day after the carrier received regulatory approval on its 100 percent acquisition of Skywest Airlines, shareholder approval brings Virgin one-step closer to completing its pending acquisitions.

Still subject to conditions and regulatory approvals, Virgin would own more than half of Tiger Airways, which would keep its name and branding.

Sourced: Airline News