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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Virgin already has a stake in Skywest, which operates the larger airline's fleet of eight ATR turboprops on regional services around Australia.
RD
-
The year trust became the currency in the art marketOpinion Collectors looking for accountability are turning to smaller dealers, says Sarah Ryan of New Blood Art
-
FCA could lift ban on crypto ETNs for UK retail investorsSome hope that the consultation could lead to a lifting of the ban on crypto ETF sales in the future
