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 ...

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