Virgin completes tigerairways acquisition
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Virgin Australia Holdings Ltd has completed its partial acquisition of Tigerair Australia, formerly Tiger Airways.
In a statement to the Australian Securities Exchange, Virgin said it had finalised the purchase of 60% of Tigerair's shares and was poised to make a number of board appointments.
Virgin Australia chief executive officer John Borghetti will be appointed as chairman of Tigerair Australia, while Wendy Cheah will be appointed chief financial officer.
"The acquisition of 60% of Tigerair Australia enables Virgin Australia to re-enter the budget travel market segment," Mr Borghetti said.
"We are very pleased to partner with Tigerair in Tigerair Australia and we look forward to working together to expedite its growth.
Tigerair Australia chief executive officer Rob Sharp said the transaction placed the group well to build on the foundations of Tigerair Australia, "ensuring it has the right scale to compete effectively".
"Our aim is for Tigerair Australia to become a sustainable and respected budget carrier in Australia," he said.