Browsing Tag

John Borghetti

Tiger sells Australian unit to Virgin

Virgin Australia has agreed to acquire a 60% stake in Tiger Airways Australia. The deal, which is worth AU$35 million (US$36m) in cash, forms part of a new joint venture agreement signed…

Virgin Australia returns to profit

Virgin Australia has upstaged its main rival Qantas by posting a net profit of AU$22.8 million (US$23.7m) for the full-year 2011-12. The result marks a major turnaround for the carrier,…
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