VIRGIN AUSTRALIA COMPLETES THE ACQUISITION OF SKYWEST

Virgin Australia Holdings Limited (Virgin Australia) is pleased to announce today that it has completed the

acquisition of 100% of the issued share capital in Skywest Airlines Ltd (Skywest, ASX: SXR, LSE:SKYW),

through a scheme of arrangement (the Scheme) governed by the laws of Singapore. Following the filing of

the order of the High Court of Singapore sanctioning the Scheme with the Accounting and Corporate

Regulatory Authority of Singapore today, the Scheme has today become effective and binding.



Completion of the acquisition announced on 30 October 2012 provides Virgin Australia with the assets and

capabilities to fast-track its advancement into the growth fly-in-fly-out and regional markets.



Virgin Australia Chief Executive Officer John Borghetti said: “We are very pleased to have completed the

transaction and to now be able to bring the Skywest business into the Virgin Australia Group.