China Airlines to reduce Tigerair Taiwan share before launching IPO

Credit: Rob Finlayson
Taiwan’s China Airlines (CAL) Group plans to launch an initial public offering (IPO) for its low-cost subsidiary Tigerair Taiwan. However, the flag carrier must reduce its 100% share in the LCC to no more than 70% for the listing.The move was announced Jan. 22 by the airline.A CAL spokesperson told...

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