Virgin Australia has won regulatory approval by The Australian Competition and Consumer Commission to acquire regional carrier Skywest.
Under the agreement, Skywest will become part of the Virgin Australia brand but will continue to operate under its current Air Operator’s Certificate (AOC) with its own management team, based in Western Australia.
This will enable Virgin Australia to fast-track its growth in regional Australia and develop a more integrated network, service and frequent flyer program for the benefit of its customers.
Virgin Australia CEO John Borghetti said: “The ACCC’s clearance represents an important step for Virgin Australia in completing the proposed acquisition of Skywest.
“This acquisition will enable us to accelerate our expansion in the high growth fly-in-fly-out (FIFO) and regional markets, increasing competition in these important segments and bringing new benefits to customers.