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Virgin takeover of Skywest clears last hurdle

written by australianaviation.com.au | March 27, 2013
Virgin Australia's bid to take over Skywest Airlines has cleared its last regulatory hurdle. (Seth Jaworski)

Virgin Australia’s $100 million purchase of Skywest Airlines has been approved by the Singapore High Court, clearing the way for the deal to go forward.

The transaction, earlier approved by Skywest shareholders, is due to take effect on April 11.

Perth-based Skywest currently operates a mix of fly-in, fly-out services for the mining sector and regional passenger services. Virgin has eyed the takeover as part of its effort to increase its presence in the lucrative FIFO market.


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