4-Dec-2009 11:11 AM

Tiger Airways taps three banks for IPO

Tiger Airways has reportedly hired three banks for its proposed IPO (Reuters, 03-Dec-2009). The IPO, which is reportedly scheduled to be launched in Jan-2010, will be below the USD500 million previously speculated, and will help the carrier finance 50 A320s on order. The carrier has reportedly selected Citigroup and Morgan Stanley as joint book-runners and lead managers of the sale, with DBS also appointed a joint lead manager.