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Q4 loss widens to $95.5m at Tiger Airways
The budget carrier reviewing its stake in Tigerair Mandala; plans to ground eight aircraft and revamp network
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Nisha Ramchandani
Published Fri, May 2, 2014 · 10:00 PM
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.
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