MICEBTN, 13 Sep 2011Singapore's Singapore Airlines (SIA) has confirmed that as underwriter on the current Tiger Airways share rights issue, it could boost its current 32.8 per cent shareholding in the budget carrier to 49.1 per cent.
Tiger Airways is seeking to raise S$155.2 million to buy new planes.
SIA has stressed that an increased interest in Tiger "will not create any relationship between any company within the Tiger Group and (SIA's proposed alliance partner) Virgin Australia." Link
