Tiger Airways plans $132 million rights issue

The rights issue, which is intended to pay for new aircraft, will be supported up to 90% by Temasek and Singapore Airlines.

A Tiger Airways A320 takes off from Singapore

Temasek continues to ensure its portfolio companies have sufficient capital for their operations by backing yet another rights issue, this time for Tiger Airways. The Singapore-listed low-cost airline, which went public in January last year, is seeking to raise up to S$158.6 million $132 million from a one-for-two rights issue that it aims to complete by mid-November.

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