News: Virgin asked for more info on tiger merger

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Virgin Australia Holdings Limited (ASX:VAH) has received a request from the competition regulator for further information regarding its proposed 60 per cent acquisition of Tiger Airways. 

 

Australia’s second largest carrier says it will respond to this request for information and continue to liaise with the Australian Competition and Consumer Commission. 

 

ACCC Chairman Rod Sims has said previously the merger is a complicated and complex equation to weigh up. 

 

If it receives approval, the Virgin and Tiger alliance intends to invest up to $62.5 million to expand the low cost carrier’s fleet by 2018. 

 

Virgin Australia reported a net profit of $23 million for the first half of fiscal 2013.