Virgin Tiger deal still tricky for the ACCC

first_imgThe regulatory body has reiterated concern over Virgin Australia’s proposed 60 percent acquisition in Tiger Airways, claiming it is a complex case that needs thorough consideration before approval.Australian Competition and Consumer Commission (ACCC) chairman Rod Sims said although the deal would create a direct competitor in the LCC market, there is still a lot to “weigh up”.”On the one hand, if the merger proceeds, Virgin will be in a much better position to take on Jetstar by using Tiger,” he told ABC News 24.”On the other hand, it will be taking out the third player in our aviation market to do that, so there’s a very complex equation there to weigh up.”The 60 percent acquisition into Tiger was announced in October last year alongside the carrier’s intentions to fully acquire regional airline, Skywest. ACCC head says there’s still much to weigh up. Source = e-Travel Blackboard: N.Jlast_img read more