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
17.05Eastern North Pacific Tropical Weather Outlook
17.05Atlantic Tropical Weather Outlook
16.05Eastern North Pacific Tropical Weather Outlook
16.05Atlantic Tropical Weather Outlook
16.05Eastern North Pacific Tropical Weather Outlook
16.05Atlantic Tropical Weather Outlook
16.05Eastern North Pacific Tropical Weather Outlook
16.05Atlantic Tropical Weather Outlook
Transportation and Logistics »
17.05Is China's bubble tea bubble about to burst?
17.05Eastern North Pacific Tropical Weather Outlook
17.05Atlantic Tropical Weather Outlook
17.05Business locked in expensive AI 'arms race'
17.05Is the move to electric cars running out of power?
17.05Pornhub partners with UK child abuse fighting charity
16.05CFTC charges Agridime and its co-founders with a fraudulent cattle scheme
16.05Baleage: Advantageous for first cutting hay
More »