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Tiger Airways to delist as SIA raises stake over 90%

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Nisha Ramchandani

Nisha Ramchandani

Published Fri, Feb 5, 2016 · 09:50 PM

    Singapore

    SINGAPORE Airlines (SIA) has boosted its stake in Tiger Airways to over 93 per cent, which will enable it to successfully delist the budget carrier.

    In a release to the Singapore Exchange (SGX) on Friday night, Tiger said that SIA and concert parties held 93.77 per cent in the low-cost carrier as at 5pm on Feb 5, having garnered valid acceptances of about 36.62 per cent.

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