{"id":21595,"date":"2012-04-09T23:39:00","date_gmt":"2012-04-09T23:39:00","guid":{"rendered":"http:\/\/traveloscopy.com\/travel-news\/virgin-australia-to-invest-in-skywest-airlines-3\/"},"modified":"2012-04-09T23:39:00","modified_gmt":"2012-04-09T23:39:00","slug":"virgin-australia-to-invest-in-skywest-airlines-3","status":"publish","type":"post","link":"https:\/\/traveloscopy.com\/travel-news\/2012\/04\/virgin-australia-to-invest-in-skywest-airlines-3\/","title":{"rendered":"Virgin Australia to invest in Skywest Airlines"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"Inline images 1\" src=\"http:\/\/australianaviation.com.au\/wp-content\/uploads\/2010\/10\/A320-VH-FNP-XR-PERTH-23-OCT-10-LES-BUSHELL-FNP-1.jpg\" height=\"255\" width=\"420\" \/><br \/><i>Skywest A320 (<a href=\"http:\/\/www.australianaviation.com.au\/\">www.australianaviation.com.au<\/a>)<\/i><\/p>\n<p>Virgin Australia has just announced an agreement with Skywest Airlines Ltd under which it will make an $8 million investment by way of a &quot;convertible debt instrument&quot; and warrants which together equate to a 10% stake in the Perth-based carrier.<\/p>\n<p>The move expands the existing strong relationship between the airlines, which includes the wet-lease agreement under which Skywest operates Virgin Australia branded ATR aircraft on a number of East Coast routes, as well as joint marketing of charter and scheduled operations to the resources industry.<\/p>\n<p>&quot;This investment highlights the confidence that Virgin Australia has in the Skywest business and our ability to tap into future growth opportunities the Australia regional market,&quot; said Skywest executive chairman, Jeff Chatfield.<\/p>\n<p>The proceeds of the investment will be used by Skywest &quot;for general corporate purposes and to support its growth,&quot; a Skywest statement said.<\/p>\n<p>More information in today&#39;s <a href=\"http:\/\/www.traveldaily.com.au\/\">Travel Daily<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skywest A320 (www.australianaviation.com.au) Virgin Australia has just announced an agreement with Skywest Airlines Ltd under which it will make an $8 million investment by way of a &quot;convertible debt instrument&quot; and warrants which together equate to a 10% stake in the Perth-based carrier. The move expands the existing strong relationship between the airlines, which includes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21595","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/posts\/21595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/comments?post=21595"}],"version-history":[{"count":0,"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/posts\/21595\/revisions"}],"wp:attachment":[{"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/media?parent=21595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/categories?post=21595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traveloscopy.com\/travel-news\/wp-json\/wp\/v2\/tags?post=21595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}