Virgin Australia Holdings (VAH) will invest A$8 million ($8 million) in Skywest Airlines (XR), giving it a 10% stake in the Perth-based carrier.
Virgin Australia 737-800. Courtesy photo Virgin Australia Holdings (VAH) will invest A$8 million ($8 million) in Skywest Airlines (XR), giving it a 10% stake in the Perth-based carrier. According to a VAH statement, the investment will “capitalize on opportunities in regional Australia by supporting further growth of VAH and Skywest’s regional partnership.” It will be made via a convertible facility with XR, which Virgin Australia (DJ) can change to ordinary ...
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