1 Feb 2013

Tiger shareholders approve Virgin Aust deal

1:55 pm on 1 February 2013

Tiger Airways shareholders have approved Virgin Australia's plan to buy a 60% stake in the budget airline.

Virgin on Friday said the vote moved it a step closer to completing the $A35 million deal.

AAP reports approval is also needed from the Foreign Investment Review Board and the Australian Competition & Consumer Commission.

Virgin announced a $A98 million bid for Skywest and for 60% of Tiger Airways last October.

The airline on Thursday received ACCC approval for the Skywest deal. The ACCC said it would announce its decision on the Tiger transaction on 7 February.