SIA bails out loss-making Tiger Airways by making it a subsidiary

Comment: If the dscounted air travel business is highly lucrative, then Tiger Airways must be doing a real fuck-up job losing money year after year.

Wall Street Journal, 16 Oct 2014
Singapore Airlines plans to convert its perpetual convertible capital securities into Tiger Airways shares, a move that will increase Singapore Airlines’ stake to 55% from 40%, Tiger Airways said in a statement on