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SIA chief rules out offer for full control of Tiger Airways
Airline wants to focus on restoring financial health of associate
Published Fri, Nov 7, 2014 · 09:50 PM
Singapore
SINGAPORE Airlines (SIA) might want to tame the Tiger, but it does not want the entire animal in the house. During a briefing on Friday, SIA's CEO Goh Choon Phong took pains to put to rest speculation about a complete takeover of the troubled Tiger Airways.
"At this point in time, a takeover offer for Tiger Airways is not under consideration," he said. Instead, SIA wants to focus on how it can help its haemorrhaging associate back to financial health.
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