In Bargain of the Century, Virgin Australia Buys Out Airline for $1
https://www-newz.blogspot.com/2014/10/in-bargain-of-century-virgin-australia.html
SYDNEY — There isn't much you can buy for one lousy dollar anymore. Even a paddle pop will cost you more.
What you can buy though, is a stake in an airline, albeit struggling, as Virgin has just done in Australia.
Virgin Australia announced it is buying the remaining 40% of low-cost airline Tiger Australia for some shrapnel, after the airline lost $77 million before tax last financial year ending June 30. This transaction will give Virgin 100% ownership and total control of Tigerair, in which the company already owns 60%, which was purchased for $35 million in 2012.
More about Australia, Richard Branson, Us World, Travel Leisure, and Tiger
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