Integrating with SIA group will help Tiger's long-term growth

Offer document says Tiger currently lacks scale, network to respond to dynamic, competitive low-cost carrier market

Nisha Ramchandani

Published Thu, Nov 26, 2015 · 09:50 PM

Singapore

BEING fully integrated within the Singapore Airlines (SIA) group would allow the ailing budget carrier to achieve long-term growth as Tiger Airways currently lacks the scale and network to respond to the dynamic, competitive low-cost carrier segment, said SIA in its offer document which was released on Thursday.

"Tiger Airways will benefit from being fully part of the SIA group, with enhanced synergies that will help it deliver growth and ensure that it has a strong future," said SIA.

SIA - which owns nearly 56 per cent of the budget carrier - has launched an offer to scoop up the shares it doesn't own at 41 Singapore cents per share. Tiger shareholders can also subscribe to SIA shares at S$11.1043 per share as a way of participating in Tiger's future grow…

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