Skymark signs firm order for A380s; Tiger closes lower on share sell-off

Skymark Airlines CEO Shinichi Nishikubo reportedly stated the carrier has signed a firm order with Airbus for four A380s, with options for two more aircraft. The carrier plans to use the A380s to launch services to/from Tokyo to London, Paris and Frankfurt. Mr Nishikubo stated the carrier would remain an LCC despite its international expansion. Shares in Skymark were up 4% at the close of trading yesterday.

Shares in Tiger Airways were down 4.2% by close of trading Thursday, after falling as much as 6% during the day. The company confirmed that Ryanasia sold 18.6 million Tiger shares off-market at a placement price of SGB1.58, a discount of 4.8% on the closing price on 16-Feb-2011.

Selected PEA daily share price movements (% change): 17-Feb-2011