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]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More