17-Apr-2012 9:02 AM

Tiger Airways to acquire 40% stake in SEAir

Tiger Airways announced (16-Apr-2012) plans to acquire a 40% stake in Southeast Asian Airlines (SEAir) for USD7 million. According to Business Times, the airline initially stated in Feb-2011 it planned to acquire a 32.5% stake in the carrier for USD6 million in Feb-2011. [more - original PR]