Virgin Australia Holdings Limited and Tiger Airways - proposed joint venture to operate Tiger Airways Australia

Type of assessment

Informal Review

Reference

50019

Acquirer(s)

Virgin Australia Holdings Limited

Target(s)

Tiger Airways Australia Pty Limited

Industry

Airways

Summary

Virgin Australia Holdings Limited and Tiger Airways Holdings Limited propose to enter into a joint venture for the operation of Tiger Airways Australia Pty Ltd. Under the proposed joint venture Virgin Australia Holdings Limited will acquire a 60% interest in Tiger Airways Australia Pty Ltd, with a 40% shareholding remaining with Tiger Airways Holdings Limited.

Date commenced

2^nd November 2012

Project staff

Andrew Sudol
David Jones

Contact Email

mergers@accc.gov.au

Market inquiries

Comments are invited from interested parties regarding the Statement of Issues.

The closing date for submissions is 22 February 2013. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title Submission re Virgin Australia proposed acquisition of Tiger Australia (attention Andrew Sudol).

Alternatively submissions may be forwarded by fax to 02 6243 1212 or by mail to Mergers Branch, ACCC, GPO Box 3131, Canberra ACT 2601.

For more details please refer to the attached Statement of Issues.

Word version
7^th November 2012
MER12+12361.doc (115.1 KB)
Virgin Australia Holdings Limited and Tiger Airways - proposed joint venture - market inquiries letter - 7 November 2012
7^th November 2012
MER12+12713.pdf (105.6 KB)

Statement of issues

7^th February 2013
MER13+1188.pdf (165.1 KB)
Word version
7^th February 2013
MER13+1193.doc (462.5 KB)

Related media releases

ACCC calls for comment on Virgin’s proposed acquisition of 60% of Tiger
The ACCC today released a Statement of Issues on the proposed acquisition by Virgin Australia Hol...
Issued: 7^th February 2013 Release # NR 018/13

Indicative timeline

Date	Event
2^nd November 2012	ACCC commenced review under the Merger Review Process Guidelines.
28^th November 2012	Closing date of submissions from interested parties.
11^th January 2013	ACCC timeline suspended pending receipt of information requested from the merger parties.
16^th January 2013	ACCC received further information from the merger parties. ACCC timeline recommenced. Former proposed decision date of 31 January 2013 postponed to allow the ACCC time to consider the further information.
7^th February 2013	ACCC published a Statement of Issues outlining preliminary competition concerns.
22^nd February 2013	Closing date for submissions relating to Statement of Issues.
14^th March 2013	Proposed date for announcement of ACCC's findings.