Tiger Airways Finalizes Agreement to Purchase a 40% Stake in Southeast Asian Airlines in the Philippines

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Tiger Airways Holdings Limited (“Tiger”) today finalised a sale and purchase agreement to acquire a 40% stake in Southeast Asian Airlines (“SEAir”), Inc. This stake will be acquired from existing foreign shareholders at US$7 million, less liabilities to be confirmed in a due diligence review. The investment will be held through Tiger’s wholly owned subsidiary, […]