Singapore Air Offers $322 Million to Take Tiger Air Private

Updated on
  • Carrier will pay 41 Singapore cents for every Tiger share
  • Singapore Air also planning more direct flights to U.S.

Singapore Air Makes Offer for Tiger Air

Singapore Airlines Ltd. offered to pay S$453 million ($322 million) for the shares it doesn’t own in Tiger Airways Holdings Ltd., the money-losing low-cost unit it listed less than six years ago, saying it wants to enhance operations across the group’s network.

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