Virgin Australia Acquires Tiger As The Firm Bought 40% Remaining Share Of The Low Cost Area! Airlines Still Remains Under The Same Brand?

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There is not much you can purchase for a dollar anymore, not even a cotton candy.

What you can purchase though, is a share in an airline as the Virgin Company has just done in Australia. The Australian firm said that it is acquiring the 40% remaining share of low-cost airline, Tiger Australia, after the airline lost $77 million, for some shrapnel, before tax last financial year by the end of June. This deal will let Virgin to have the total control and 100% ownership of Tigerair, in which the firm already have 60% which was bought in 2012 for $35 million.

Australia should not fear, as Tigerair will continue to be a low cost carrier and fly under the same brand. Virgin has also assured the Tigerair brand will remain as the short-haul international destinations.

According to the statement of John Borghetti, Chief Executive Officer of Virgin Australia, "Given the ongoing subdued consumer demand in the Australian domestic market, the growth of the Tigerair Australia domestic fleet is likely to be reduced. We remain committed to maintaining the airline's low cost business model and the separate Tigerair ensuring that we can continue to deliver the most competitive pricing in Australian budget travel."

What the consumers are interested in is the dollar sale that Virgin assured, although, they ignore that Virgin lost $77 million in 2013. This is what you can buy in Australia for a dollar, because life is expensive Down Under, you can buy some bun full of grease for one gold coin, when McDonald's has a deal, you can purchase a postcard while sitting on the news agency shelf for a while, to show off your humorous side, shame on what you would not be able to buy for postage. In simple words, there is not much you can get for a lousy buck. Well, Virgin just got the bargain of all time, themselves.

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