2-Nov-2010 9:18 AM

Tiger Airways utilises SGD39.6m of IPO proceeds on aircraft acquisitions

Tiger Airways Holdings Limited announced (01-Nov-2010) that of the proceeds raised from the company’s IPO, SGD39.6 million (USD30.7 million) has been utilised to fund the acquisition of aircraft and associated aircraft pre-delivery payments. The utilisation is in accordance with the intended use of proceeds of the IPO and in accordance with the percentage allocated. Following the utilisations announced to-date, the company would have materially disbursed an aggregate of approximately SGD167.8 million (USD129.9 million) of the net proceeds of the IPO. [more]