Tiger Airways said to pay Airbus order with IPO proceeds

Tiger Airways is set to welcome 2010 with an initial public offering to help finance its Airbus A320s purchase.

According to a Reuters report, the IPO proceeds are planned to be part of the budget carrier's allocation for its 50 Airbus A320s order. Listed at approximately $77 million each, the new Airbus A320s will be delivered starting next year and will increase Tiger's fleet size from the current 17 count.

Sources said Citigroup, Morgan Stanley, and DBS have been tapped to be joint book-runners and/or joint lead managers for the IPO. Tiger said, though, "At this time, no firm decision has been made (and) the company continues to review its various strategic options."

Tiger Airways is 49 percent owned by Singapore Airlines, 16 percent by RyanAsia, 11 percent by Temasek, and the remaining by Indigo Partners LLC.

Follow the link for more news on

Tiger Airways

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia