ACCC allows Virgin’s 60 pct stake in Tiger Airways

SYDNEY: Australia’s competition regulator yesterday approved Virgin Australia’s purchase of a 60 per cent stake in low-cost rival Tiger Airways Australia (Tiger Airways), despite concerns about the market becoming a duopoly. Virgin is Australia’s second-largest carrier after Qantas, and the Australian Competition and Consumer Commission (ACCC) had previously said it was worried about the impact … Continue reading ACCC allows Virgin’s 60 pct stake in Tiger Airways