Tiger Airways utilises SGD15.5m of IPO funding for aircraft

Tiger Airways Holdings Limited announced (07-Dec-2010) that of the proceeds raised from the company's IPO approximately SGD15.5 million has been utilised to fund the acquisition of aircraft and associated aircraft pre-delivery payments. Following the utilisations announced to-date, the company would have materially disbursed an aggregate of approximately SGD183.3 million of the net proceeds of the IPO. [more]