Reuters, 3 Dec 2009
SINGAPORE, Dec 3 (Reuters) - Singapore budget carrier Tiger Airways, 49 percent owned by Singapore Airlines (SIAL.SI), has tapped three banks for an initial public offering expected in January, sources said on Thursday.
The IPO is earmarked to raise several hundred million dollars to help finance the purchase of 50 Airbus A320s that Tiger has ordered, two sources familiar with the deal said. The amount is, however, below the $500 million figure cited in media reports.
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