Mommy, help me: SIA rescues Tiger Air from massive stock fall

The airline is still a cub that needs rearing.

Tiger Air’s stock fell the most in a month at 7.6% and SIA will try to save the day through a possible trading.

The reported trading, described in the airline’s statement to the stock exchange as “corporate action”, was not further elaborated.

Bloomberg reports that Tiger Air has garnered losses for the past six quarters, pushing SIA to practice its authority and name a new CEO for the budget airline that it owns 40% of.

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