Newly listed Skydive the Beach says its plans to buy Australia Skydive are not affected by the death of two skydivers during a jump at Byron Bay in NSW.
Experienced skydivers Michael Vaughan and Alana Clarke plummeted to the ground when their parachutes became tangled during a dive from 4000 feet (1200 metres) on Friday.
Ms Clarke died at the scene and Mr Vaughan passed away on Saturday night after multiple surgeries.
"The company expresses its sincere condolences to all those affected by this tragedy," Skydive The Beach said on Monday.
The pair was involved in a week long training course with Australia Skydive, which Skydive The Beach intends to take control of after raising new funds in its share market listing.
The accident was unlikely to change those acquisition plans, it said.
"The board has concluded that the accident is unlikely to have a material adverse financial effect on Australia Skydive or on the financial forecasts included in the replacement prospectus in relation to Australia Skydive," it said.
Skydive the Beach derives about 95 per cent of its revenue from tandem skydives, and just five per cent from experienced solo skydivers.
Its shares lost 5.5 cents, or 14.1 per cent, to 33.5 cents on Monday, still well above the 25 cents they were issued at in its public offer.
