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Singapore: Air carrier nabs controlling steak in Tigerair

By  |  November 30, 2014

Singapore Airlines has received clearance from competition authorities to boost its stake in Tigerare, making the budget airliner an official subsidiary of SIA, say reports.

The Competition Commission of Singapore voted Friday to approve of SIA’s plans to boost its shares in Tigerair from 40 percent to 56 percent. While Singapore Airlines said it does not plan to fully acquire Tigerair, reports say the company has not ruled out such a move. The company already controls Tigerair rival Scoot, meaning a complete takeover would likely face intense antitrust scrutiny.

But the CCS reportedly found that struggling Tigerair would likely leave the market if not picked up by Singapore Airlines.

Full content: Channel News Asia

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