Virgin to take a slice of Skywest
Virgin Australia Holdings has made an investment in Skywest Airlines “in order to capitalise on opportunities in regional Australia by supporting further growth of VAH and Skywest’s regional partnership”, the airline said.
Virgin Australia would own approximately 10% of Skywest on a fully diluted basis should the investment and associated rights be converted to equity.
Virgin Australia chief financial officer Sankar Narayan said, “This investment highlights our belief in the growth potential of the Australian regional market and strengthens our partnership with Skywest.
“We have grown our regional operations significantly since launching our regional network with Skywest in October 2011. These services have been highly popular with the flying public and are already among our best performing regional routes.
“The fleet of four new ATR aircraft that we are using to operate these services will increase to 12 by the end of the 2013 financial year, and there is plenty of opportunity to further expand our regional footprint,” Narayan said.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments