Virgin-Tiger Deal Carries Airline Duopoly Risks, Aussies Say

Law360, New York (February 7, 2013, 3:15 PM EST) -- Australia’s antitrust regulator said Thursday it was concerned that Virgin Australia Holdings Ltd.’s proposed $36 million acquisition of Tiger Airways Australia Pty Ltd. would create a duopoly in Australian air travel.

The Australian Competition and Consumer Commission released a formal statement of issue with the proposed merger, which would see Virgin — Australia’s second largest airline — take a 60 percent stake in the much-smaller discount line.

The deal, announced in October, “may raise competition concerns,” the regulator said, by limiting the number of players in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.