Trading Room home page

ACCC clears Virgin Aust to buy Skywest

Market watch top headlines

World reports

Stocks to watch

AMP, AIO, MGR, ORG, QAN, SUL, SYD, TTS, TWE,

AAP

2013-01-31

Virgin Australia's $98 million plan to buy regional airline Skywest has been given the go-ahead by the competition watchdog.

The Australian Competition and Consumer Commission (ACCC) on Thursday cleared the deal, saying it was unlikely to lead to a substantial lessening of competition.

"The message that we received from the market was broadly supportive of the proposed acquisition," ACCC chairman Rod Sims said in a statement.

"The services that Virgin and Skywest supply are seen as largely complementary, rather than competitive with each other.