Tiger gives nod to Virgin Aust deal
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AAP
2013-02-01
Tiger Airways shareholders have approved Virgin Australia's plan to buy a major stake in the budget airline.
Virgin on Friday welcomed the decision, saying the vote moved it a step closer to completing the $35 million deal.
Approval is also needed from the Foreign Investment Review Board and the Australian Competition and Consumer Commission (ACCC).
Virgin surprised the market last October when it announced a $98 million bid for Skywest and a 60 percent buy-up of Tiger Airways.
Virgin on Thursday received ACCC approval for the Skywest deal, with the regulator saying it would announced its decision on the Tiger transaction on February 7.
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