Tiger Airways to raise $238 million for Asian expansion

The budget carrier, partly owned by Singapore Airlines, plans to raise the money through a rights issue and a preferential offering of perpetual convertible bonds.

Tiger Airways, which is currently one-third owned by Singapore Airlines, has announced that it plans to raise about S$297 million ($238 million) through a rights issue and a preferential offering of perpetual convertible securities.

¬ Haymarket Media Limited. All rights reserved.

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