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Virgin Australia will take a 10% stake in Skywest Airlines; the regional aircraft fleet is growing

Sydney, Australia - "We recently received final approval from the Australian Competition and Consumer Commission"

Virgin Australia will invest around 8.3 million dollars to take a 10% stake in Skywest Airlines local carrier. The agreement includes the possibility to convert the financial facility into ordinary Skywest shares at a price of 0.45 Australian dollars per share. The conversion should pay an interest of 7.5% annually. "This investment highlights our belief in the growth potential of the Australian...

AVIONEWS - World Aeronautical Press Agency - 1139475
Rome, Italy, 04/10/2012 16:30
AVIONEWS - World Aeronautical Press Agency

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