Singapore Airlines (SIA), key stakeholder in the beleaguered Tigerair low-cost carrier (LCC) group, has taken a controlling interest in the LCC’s holding company and sold the Tigerair Australia offshoot to Virgin Australia for AUD1 ($0.88).  In doing so, SIA has effectively bailed out the Tigerair group as well as upped its stake in Tiger Airways Holdings, to 55% from 40%. SIA has also announced a further “guaranteed-buy” rights issue to raise some $190 million, which ...

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