Virgin completes purchase of 60% of Tigerair Australia | Bangkok Post: news

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Virgin completes purchase of 60% of Tigerair Australia

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Virgin on Monday completed the purchase of a 60 percent stake in low-cost rival Tigerair Australia and named its chief executive John Borghetti as chairman of the new business. 

Tigerair planes sit on the tarmac in Melbourne on August 12, 2011. Virgin on Monday completed the purchase of a 60 percent stake in low-cost rival Tigerair Australia and named its chief executive John Borghetti as chairman of the new business.

Australia's competition regulator agreed to the tie-up earlier this year and Virgin, the country's second-largest carrier after Qantas, said all the formalities were now complete.

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