M&A Deal Summary

Virgin Australia Airlines Acquires Skywest Airlines

On April 11, 2013, Virgin Australia Airlines acquired airliner Skywest Airlines for 98M AUD

Acquisition Highlights
  • This is Virgin Australia Airlines’ 1st transaction in the Airlines sector.
  • This is Virgin Australia Airlines’ largest (disclosed) transaction.
  • This is Virgin Australia Airlines’ 1st transaction in Singapore.

M&A Deal Summary
Date 2013-04-11
Target Skywest Airlines
Sector Airlines
Buyer(s) Virgin Australia Airlines
Deal Type Add-on Acquisition
Deal Value 98M AUD
Advisor(s) Moelis & Co. (Financial)

Target

Skywest Airlines

Singapore, Singapore
website
Skywest Airlines Ltd (formerly known as Advent Air Ltd) was a diversified airline, aerospace and investment group incorporated in Singapore.

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Buyer(S) 1

Buyer

Virgin Australia Airlines

Spring Hill, Australia

website

Category Company
Founded 2000
Sector Airlines
Revenue 5.4B AUD (2018)
DESCRIPTION

Virgin Australia Airlines is an airline company with the largest fleet size to use the Virgin brand. Virgin Australia Airlines was founded in 2000 and is based in Spring Hill, Australia.

DEAL STATS #
Overall 1 of 3
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Singapore) 1 of 1
Year (2013) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-23 Tasmanian Walking Company

Australia

The Tasmanian Walking Company consists of two iconic 'experiential tourism' assets in Tasmania, Cradle Huts, and Bay of Fires Walks.

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