Virgin Australia Buys Controlling stake in Tiger Australia
Oct 29, 2012, 4:26 pm
#1
Original Poster
Join Date: Dec 2011
Posts: 342
Virgin Australia Buys Controlling stake in Tiger Australia
Big news released a few hours ago to the Australian Stock Exchange, VA has brought 60% of TT. In effect Australia has returned to a two airlines policy, with Qantas and Virgin now both controlling LCCs.
Source, AAP via The Age:
http://www.theage.com.au/business/vi...030-28gdx.html
Source, AAP via The Age:
http://www.theage.com.au/business/vi...030-28gdx.html
Oct 29, 2012, 5:06 pm
#2
Join Date: Jun 2011
Location: PER
Programs: BA Gold, QF Gold, VA Gold, IC Diamond Amb., HH Diamond
Posts: 777
I saw that, I wonder what the move is. I can only hazard a guess that they want to offload whatever 'low-cost' attributes they might still have over to TT and focus on this premium service they're trying to purport
Oct 29, 2012, 5:11 pm
#3
Original Poster
Join Date: Dec 2011
Posts: 342
I assume an announcement that VA will go full service will follow shortly, not sure if this will include free checked-baggage but would solve the confusion where VA offers free food in economy on some routes but not others.
From a miles perspective, will be very interesting to see if there is some jetstar like arrangement where you can earn velocity points and status credits for an extra fee.
From a miles perspective, will be very interesting to see if there is some jetstar like arrangement where you can earn velocity points and status credits for an extra fee.
Oct 29, 2012, 5:54 pm
#5
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Location: MEL CHC
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From http://www.theage.com.au/business/vi...030-28gdx.html
In a stunning round of transactions this morning, Virgin Australia has sold a 10 per cent stake to Singapore Airlines, bought 60 per cent of Tiger Airways, and is looking to spend $99m on a takeover of regional carrier Skywest.
Singapore Airlines buys 10% of Virgin for $105m
Virgin to pay $35 million for a 60% stake in Tiger
Virgin planning $99m takeover of Skywest
Singapore Airlines buys 10% of Virgin for $105m
Virgin to pay $35 million for a 60% stake in Tiger
Virgin planning $99m takeover of Skywest
Oct 29, 2012, 5:58 pm
#7
Original Poster
Join Date: Dec 2011
Posts: 342
Plane talking Blog suggests it will be a less integrated partnership than Qantas and Jetstar, with a separate board and the chairman alternating between Tiger Singapore and Virgin Australia.
http://blogs.crikey.com.au/planetalk...ger-australia/
http://blogs.crikey.com.au/planetalk...ger-australia/
Oct 29, 2012, 8:00 pm
#8
Join Date: May 2002
Location: Newcastle, Australia.
Programs: QF Plat+ LTG/ OW Emerald, VA Plat, NZ Gold, HH Diamond, Hyatt Whatsit. Taxation is theft.
Posts: 2,637
So long as it avoids the QF wasting disease (erosion of QF routes/ service and replacement with inferior JetStar offerings), I will be happy.
Oct 29, 2012, 10:16 pm
#9
Join Date: May 2002
Location: Newcastle, Australia.
Programs: QF Plat+ LTG/ OW Emerald, VA Plat, NZ Gold, HH Diamond, Hyatt Whatsit. Taxation is theft.
Posts: 2,637
Drop by and sink the boot in: http://www.smh.com.au/business/qanta...030-28gwr.html
Oct 30, 2012, 8:47 am
#11
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Join Date: Dec 2011
Posts: 342
Australian Business Traveller quotes VA CEO John Borghetti on Velocity earn:
http://www.ausbt.com.au/virgin-austr...n=home-flipper
Suggests that some points earn or redemption may be available even without a codeshare.
However, he wouldn't be drawn to comment on if Velocity points might be earned on Tiger flights, saying that while "Velocity is a very separate program to Tiger, we'll talk about that going forward, but we're not ready to talk about that yet."
Suggests that some points earn or redemption may be available even without a codeshare.
Oct 31, 2012, 9:11 pm
#12
Join Date: Sep 2012
Location: Australia and Canada
Programs: Qantas FF Plat; Virgin Aust Plat;
Posts: 799
Oh, oh.
Virgin is my preferred discount domestic airline (Jetstar = 'Airline of last resort'). However that attitude didn't even consider Tiger as an option - never bothered to even look at schedules or fares.
If Virgin pushes me to Tiger for cheaper fasres, they have lost me entirely; Jetstar, you'll be looking good!
Tiger = never, ever, ever.
Virgin is my preferred discount domestic airline (Jetstar = 'Airline of last resort'). However that attitude didn't even consider Tiger as an option - never bothered to even look at schedules or fares.
If Virgin pushes me to Tiger for cheaper fasres, they have lost me entirely; Jetstar, you'll be looking good!
Tiger = never, ever, ever.
Nov 1, 2012, 3:07 am
#13
FlyerTalk Evangelist
Join Date: Jun 2000
Location: Sunny SYDNEY!
Programs: UA Million Miler. (1.9M) Virgin Platinum. HH Diamond + SPG Gold
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Borgetti did a very interesting TV interview on this a day or so back.
What interested me was SQ now owns part of Virgin.
Wonder if we will see SQ flights counting toward Virgin Status credits?
Can't imagine that will not be on the cards?
----------------
What interested me was SQ now owns part of Virgin.
Wonder if we will see SQ flights counting toward Virgin Status credits?
Can't imagine that will not be on the cards?
----------------
Nov 1, 2012, 3:48 am
#14
Join Date: Nov 2002
Location: MEL
Programs: QF, Virgin Australia
Posts: 192
Fare classes:
Full fare economy: S, Y, B, E, M, H, W, U, L, K
Business & first: R, F, P, A, Z, C, D, J
Nov 1, 2012, 3:49 am
#15
Join Date: Aug 2009
Location: Melbourne, Mostly
Programs: VA Plat, TK E, HH Dia, IHG Gold
Posts: 487
You've been able to earn virgin SCs on SQ for the best part of a year or more.