Q4 loss widens to $95.5m at Tiger Airways

Singapore

BUDGET carrier Tiger Airways said it is reassessing its investment in Tigerair Mandala as the loss-making associate continues to bleed.

This comes as the low-cost airline has been scaling back its presence in the region - and reversing earlier efforts aimed at creating a pan-Asian footprint - by divesting 60 per cent of Tigerair Australia to Virgin Australia and more recently, selling off its 40 per cent stake in Tigerair Philippines to the Philippines' largest airline, Cebu Pacific.

Earlier this week, reports out of Indonesia suggested that Garuda's subsidiary Citilink is keen to take over Tigerair Mandala. However, i…