Virgin Australia Holdings Limited (Virgin Australia Airlines) (Brisbane) today (May 28) welcomed confirmation from the Foreign Investment Review Board that it has no objections to the proposed acquisition of 60 percent of the existing shares in Tiger Airways Australia Pty Ltd (Tiger Australia) (Melbourne).
This confirmation satisfies another condition for the proposed acquisition of Tiger Australia, which will enable Virgin Australia to access the budget market segment and expedite the growth of Tiger Australia.
The proposed transaction still remains subject to certain conditions and Virgin Australia expects the transaction to be completed by mid-July.
Top Copyright Photo: Ivan K. Nishimura/Blue Wave Group. Virgin Australia’s brand new Boeing 737-8FE WL VH-YFF (msn 40994) and crew pass through Honolulu on delivery.
Above Copyright Photo: Virgin Australia.
Bottom Copyright Photo: Peter Gates/AirlinersGallery.com. Tiger Airways’ Airbus A320-232 VH-VNH (msn 3734) stops at Brisbane.
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Tiger Airways (Singapore) will start nonstop flights between Hong Kong and Jakarta on July 25. Tiger Airways will fly to the capital of Indonesia four times weekly on Monday, Tuesday, Thursday and Saturday, with an increase to daily flights from September onwards.
Tiger Airways has been rapidly expanding its network in Indonesia this year. Domestically within Indonesia, the airline flies between Jakarta and key cities including Bali (Denpasar), Medan, Surabaya, Padang, Pekanbaru and Yogyakarta.
Top Copyright Photo: Jens Polster/AirlinersGallery.com All others from Tiger Airways). Airbus A319-132 9V-TRB (msn 3801) prepares to land at Bangkok.
Tiger Airways (Australia) (Melbourne) intends to expand its fleet from 11 aircraft to 23 in five years. The expanding airline will be battling Jetstar Airways for market share in the budget travel segment. Rob Sharp is the new CEO, the fifth CEO in five years.
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Copyright Photo: John Adlard. Airbus A320-232 VH-VND (msn 3206) taxies past the camera at Sydney.
Tiger Airways (Australia) (Melbourne) is making a comeback after its grounding under the direction of CEO Andrew David. The group continues to lose money but it is working towards returning to profitability.
The Australian details the comeback.
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Copyright Photo: Micheil Keegan. Airbus A320-232 VH-VNP (msn 2952) departs from the new Sydney base.
Tiger Airways (Australia) (Tigerairways.com) (Melbourne) has work to do to repair its relationship with the traveling public. Its customers are the least satisfied airline travellers in Australia, while people who fly REX-Regional Express and QANTAS Airways are the happiest.
Roy Morgan Research’s latest Airline Satisfaction report found more than 83 per cent of people who travelled on REX-Regional Express in the last year were satisfied.
Passengers who travelled on QANTAS Airways, QANTASlink and Virgin Blue Airlines were next happiest.
What is troubling for Tiger is only about one half of the passengers who flew on Tiger Airways were satisfied, compared to about two thirds who flew on rival Jetstar Airways.
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In other news, Tiger Airways announced it will base two Airbus A320s at Avalon Airport with new service starting on November 10 to the Gold Coast.
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Copyright Photo: John Adlard. Airbus A320-232 VH-VND (msn 3296) is pictured at Sydney.
Tiger Airways (Australia) (Tigerairways.com) (Melbourne) started Melbourne-Sydney service yesterday (July 3).