VBA 0.00% 35.5¢ virgin blue holdings limited

News: Virgin to align with Singapore

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    Virgin Blue Holdings (ASX:VBA) is seeking approval for an alliance with Singapore Airlines, but said it will not reduce its incentive to compete with Tiger Airways Australia.



    The airline has assured the competition regulator that a marketing alliance with Singapore, who incidentally owns a 33 per cent stake in Tiger Australia’s Singaporean parent company, will not include a codeshare on routes already codeshared with Etihad.



    Today’s Australian newspaper said a letter from Virgin’s lawyers to the ACCC noted Tiger’s service levels were low and it had poor customer satisfaction, not representing good value.



    Virgin Blue Holdings (ASX:VBA) reported a net loss of $67.8 million for the 2011 financial year.


 
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