SIA secures only 77.48% in Tiger Airways so far. Forced to raise offer price to S$0.45

SIA secures only 77.48% in Tiger Airways so far. Forced to raise offer price to S$0.45

REUTERS/Louis Nastro

Singapore Airlines (SIA) and its concert parties have so far managed to buy or get commitments for only 77.48 per cent of Tiger Airways shares as of January 4 (5 pm), forcing the city state’s flagship carrier to come back with a better offer for the budget carrier.

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