Australia’s competition watchdog has given the green light to Virgin Australia’s purchase of a majority stake in Tiger Airways Australia, with the financial plight of the Tiger operation emerging as the deciding factor. The Australian Competition and Consumer Commission (ACCC) says it will not oppose Virgin Australia’s proposed purchase of a 60% share in Tiger Australia. Under the terms of deal announced in October, Virgin initially will pay A$32.5 million ($33.3 million) to ...

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