Tiger shareholders okay rights issue and sale of Aussie stake
Group is divesting remaining 40% interest in Tigerair Australia to devote resources to Tigerair Singapore
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Nisha Ramchandani
Singapore
SHAREHOLDERS of beleaguered budget carrier Tiger Airways overwhelmingly voted in favour of both the divestment of its 40 per cent stake in Tigerair Australia as well as a proposed rights issue that could raise up to S$234 million.
At an extraordinary general meeting on Thursday morning, 99.83 per cent voted in favour of the sale Down Under, while 98.34 per cent threw their backing behind the rights issue.
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