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Singapore Airlines to Bail Out Tiger Airways

SINGAPORE Singapore Airlines Ltd.

will bail out its embattled associate Tiger Airways Holdings Ltd.

by increasing its stake in the budget carrier and making it a subsidiary.

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 Friday.

Separately, the budget carrier…

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Singapore Airlines to Bail Out Tiger Airways

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