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Better for Tiger Airways to bow out of Philippines?

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Cutting its losses? After building up Tigerair Philippines' fleet to 5 single-aisle aircraft, Tiger appears to have decided the associate is unlikely to turn the corner in the short term. - ST FILE PHOTO

BUDGET carrier Tiger Airways has finally come out to announce what many in the market had long suspected it would: that it was considering cutting its losses in the Philippines. Last week, the budget carrier confirmed it was in the midst of negotiating a deal involving Tigerair Philippines,