Palm Tree Express Purchase 50% of Origin Pacific

Palm Tree Express has announced that it will be purchasing 50% of Origin Pacific for $1.25 billion. The injection of cash will allow OP to expand its international routes into the western hemisphere.

The deal calls for OP to re-purchase the shares over a 5 year period at market value.

The chairman of PTE said that this bring together two complementary businesses and that the investment should increase PTE current rate of return on its capital.

Origin Pacific is happy to confirm information about an interesting deal with Palm Tree Express. Palm Tree Express will inject cash and airframes into Origin Pacific's operations that will double Origin Pacific's assets. Over a five year period this investment will be returned to Palm Tree Express.
Origin pacific sees this as an amazing opportunity for the airline to grow in and better serve the Australian public with connections to all over Asia and beyond.