Home Singapore Airlines rides to Tiger's rescue, could raise stake to 71 percent
 

Keywords :   


Singapore Airlines rides to Tiger's rescue, could raise stake to 71 percent

2014-10-17 08:54:08| Airlines - Topix.net

Cash-rich Singapore Airlines Ltd is injecting up to $110 million to take control of loss-making affiliate Tiger Airways Ltd, shoring up the budget carrier while scrapping its regional ambitions as competition rages. Announcing a record quarterly loss that sent its shares tumbling as much as 10 percent, Tiger said on Friday that SIA will raise its stake to about 55 percent from 40 percent by converting existing securities into shares.

Tags: to percent singapore raise

Category:Transportation and Logistics

Latest from this category

All news

14.11Potential Tropical Cyclone Nineteen Forecast Discussion Number 2
14.11Potential Tropical Cyclone Nineteen Graphics
14.11Summary for Potential Tropical Cyclone Nineteen (AT4/AL192024)
14.11Potential Tropical Cyclone Nineteen Public Advisory Number 2
14.11Potential Tropical Cyclone Nineteen Wind Speed Probabilities Number 2
14.11Potential Tropical Cyclone Nineteen Forecast Advisory Number 2
14.11Atlantic Tropical Weather Outlook
14.11Eastern North Pacific Tropical Weather Outlook
Transportation and Logistics »
14.11
14.115
14.11MTGfoil
14.11
14.11sw14000XH 8000
14.11katie
14.11EX 330 HP SAR
14.11 M1
More »