Skywest Airlines shareholders vote on Virgin Australia takeover bid

Skywest Airlines said on Friday shareholders will vote on an offer from Virgin Australia Holdings to acquire the carrier following an order from the High Court of Singapore.

Virgin Australia has vowed to invest in the growth of the operator after the takeover was given the green light by regulators in early February.

The deal is now awaiting approval from Skywest shareholders and the company will update the market on further developments in due course.

Virgin already has a stake in Skywest, which operates the larger airline's fleet of eight ATR turboprops on regional services around Australia.

RD