Tiger to buy 32.5% stake in Philippines' low-cost carrier Seair

Flightglobal, 24 Feb 2011
Singapore's Tiger Airways plans to buy a 32.5% stake in Philippine low-cost carrier Seair, following a marketing partnership between the two airlines late last year.
The carrier is purchasing the share from Seair's co-founders Iren Dornier and Nick Gitsis, who will hold a combined 7.5% stake in Seair after the sale.
A majority 60% stake of the airline will still be held by local investors, says a Seair official. Full story

Related:
Singapore's Tiger Air buys 32.5 pct stake in Philippines' SEAIR - Reuters