Singapore Airlines (SIA), key stakeholder in the Tigerair low-cost carrier (LCC) Group, has taken a controlling interest in the LCC’s holding company and sold the Tigerair Australia offshoot to Virgin Australia for AUD1 ($0.88). In what is effectively a bailout of the Tigerair Group, SIA has upped its stake in Tiger Airways Holdings from a previous 40% to 55%. It announced a further “guaranteed buy” rights issue to raise some $190 million, which could boost its total ...

Subscribe to Access this Entire Article

"Singapore Airlines pushes buyout, selloff at Tigerair" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.