Target(s)
- Tiger Airways Australia Pty Limited
Summary
Virgin Australia Holdings Limited and Tiger Airways Holdings Limited proposed 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.Market definition
Please refer to the attached Public Competition Assessment.Competition analysis
Please refer to the attached Public Competition Assessment.Correction to Public Competition Assessment - Paragraph 27 contains a list of the largest regional and charter service operators in Australia. While this list made reference to the Regional Express subsidiary Pel-Air, Regional Express' larger regional operation known as Rex was inadvertently omitted from this list. This omission does not affect the ACCC's assessment of this acquisition.
Statement of issues
Public competition assessment
Timeline
| Date | Event |
|---|---|
| 02/11/2012 | ACCC commenced review under the Merger Review Process Guidelines. |
| 28/11/2012 | Closing date of submissions from interested parties. |
| 11/01/2013 | ACCC timeline suspended pending receipt of information requested from the merger parties. |
| 16/01/2013 | 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. |
| 07/02/2013 | ACCC published a Statement of Issues outlining preliminary competition concerns. |
| 22/02/2013 | Closing date for submissions relating to Statement of Issues. |
| 08/03/2013 | ACCC requested further information from Virgin Australia and Tiger Australia. ACCC timeline suspended. Former proposed decision date of 14 March 2013 delayed to allow provision of requested information. |
| 11/04/2013 | ACCC received further information from Virgin Australia and Tiger Australia. ACCC timeline recommenced. |
| 23/04/2013 | ACCC announced it would not oppose the proposed acquisition. |