VIRGIN AUSTRALIA WELCOMES SANCTION OF THE HIGH COURT OF SINGAPORE FOR ACQUISITION OF SKYWEST

Virgin Australia Holdings Limited (Virgin Australia) today welcomed the sanction of the High Court of Singapore for the proposed acquisition of 100% of the issued share capital in Skywest Airlines Ltd (Skywest, ASX: SXR, LSE:SKYW), pursuant to a scheme of arrangement (the Scheme) under the laws of Singapore.

The proposed acquisition still remains subject to certain conditions, however, the Scheme is expected to become effective on 11 April 2013.