Singapore Airlines makes a deal on the acquisition  of Tiger Airways

Singapore Airlines makes a deal on the acquisition of Tiger Airways

11.01.2016 News

Singapore Airlines makes a deal on the acquisition  of Tiger AirwaysOne of the largest airlines in Singapore  – Singapore Airlines recently named the price for the shares in the acquisition  of the budget carrier Tiger Airways, which is about $ 0.10 per share.

Today the Singapore Airlines company already owns a 77% stake in the Tiger Airways, a final deal on the acquisition  initially planned to close in January 2016, but later on the website of Singapore Airlines was reported that the timing of closing the deal shall be extended until  February 5, 2016.

Through  the acquisition of Tiger Airways, Singapore Airlines plans to expand its fleet and  as well as delisting of shares in budget carrier.

Tiger Airways is the cheap Singapore Airlines, founded in 2004, which operates flights to Southeast Asia, India and China. According to the information at the end of the 2015 fiscal year, Tiger Airways revenues totaled  $ 495 million.  In its park there are 25 aircrafts, mostly model Airbus A320. The Tiger Airways is considered to be the leading low-cost company in the Asia-Pacific region, which a few years after the foundation  brought big profits  to its creators.

The Singapore Airlines is the largest national company in Singapore, which operates since 1947. The airline operates flights to 90 airports in 40 countries. The airline has launched the world’s first commercial operation of the new double-deck aircraft Airbus A380. Within a few years the company was estimated at 5 stars out of 5 possible consulting company Skytrax.

The acquisition deal estimated by experts ambiguous. On the one hand, it is possible to create a large air carrier in Singapore that provides quality services and on the other – a lot of people are concerned that the process of restructuring can change the pricing policy of the company, and the flow of customers will decrease.

Source: news.rambler.ru

Other articles

  • Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA
    News

    Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA

    Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]

  • Uber stops developing a car without a driver
    News

    Uber stops developing a car without a driver

    On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]

  • Tesla will sell shares for $ 5 billion
    News

    Tesla will sell shares for $ 5 billion

    Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

  • The first batch of Pfizer COVID vaccine has arrived in Israel
    News

    The first batch of Pfizer COVID vaccine has arrived in Israel

    The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • Pfizer will deliver half of the planned number of vaccines in 2020
    News

    Pfizer will deliver half of the planned number of vaccines in 2020

    Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]

  • JD.com will be the first platform to accept China’s cryptocurrency
    News

    JD.com will be the first platform to accept China’s cryptocurrency

    Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Read also

Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

The court suspended the ACU’s decision to seize the accounts of tobacco companies

The Commercial Court of Kyiv suspended the decision of the Antimonopoly Committee, which seized the accounts of tobacco companies as part of a forced fine of UAH 6.5 billion. “The court rejected their request. We welcome this decision, since the arrest of accounts could endanger the normal functioning of large companies and negatively affect tax […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

UBRD sold to China Company

The State Property Fund of Ukraine representative informed that 99,99% of Ukrainian Bank for Reconstruction and Development (UBRD) had been sold to Bohai Commodity Exchange within the auction second round. The State Institution posted this information on the official web-site. The transaction value consists 82,8 million UAH. The asset’s cost of Ukrainian bank was underestimate […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

The Australian company got rid of the gas field in Ukraine

The press service of Hawkley reports that Hawkley Oil & Gas Limited Australian mining company had reported about the Ukrainian company sale transaction assets of Tomeas Assets Ltd. The amount of transaction has constituted 1 million dollars. Negotiations on sale have continued since February 2016. Reportedly that Hawkley Oil & Gas Limited will allocate proceeds […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

Anti-Corruption Bureau was denied in verification of “Ukrnafta”

Solomenskiy district court of Kiev refused to Ukraine’s National Anti-Corruption Bureau (NAB) to verify the business activities of  the “Ukrnafta” Ukrainian gas company in a criminal case. This is stated in the court decision, that was posted in the Unified Register of judgments. As follows from the materials of the  case provided to the court, […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

WHO has announced a new record weekly increase in COVID-19 cases

Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

American business will receive a $ 1 billion investment from Fiat Chrysler

After criticism of Donald Trump on autoenterprise facilities in Mexico, the US company for the construction of Chrysler cars decided to take only the local development of vehicles. It is reported by Ukrainian investment portal InVenture. So the company decided to create 2000 additional jobs in the United States planning to invest $ 1 billion […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

UkrLandFarming implements an investment project on building a port terminal

The construction of the port terminal is a major investment project for UkrLandFarming. This was told by the founder and owner of the agricultural holding Oleg Bakhmatyuk in an interview to the  Latifundist.com. “The main investment project, for which we will raise money, is the construction of the port terminal. In my opinion, today there […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

“Pan Kurchak” enters the European market

The “Pan Kurchak” agroindustrial group  got permission to export chicken to the EU. This is the third Ukrainian company, besides the MHP and “Agromars” Complex” that can ship products to Europe. Products designed for the European market will be produced at the facilities of “Gubin” poultry complex”, which were upgraded in 2015. “The advantage with […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

The price of oil is falling due to rising reserves in the United States

Oil becomes cheaper due to a sharp increase of reserves in the US and an increase in the number of coronavirus cases, which has raised fears of oversupply and weakening demand. This is evidenced by the data of stock trading on the site Investing.com published on Wednesday, October 28. In particular, the price of December […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
Analytics

Court resolves not to give money for IOUs

If the promissory note is not specified by the time when the borrower is obliged to return the money, the court may grant derogation from the obligations under this document. In order to get money for the receipt, it is necessary to properly arrange it, Vesti reported. Do not give money on the receipt, in […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

Ukrsotsbank and Alfa-Bank combine their assets

Alfa-Bank intends to consolidate its Ukrainian unit with Ukrsotsbank, said the Chairman of the Board of Directors Peter Aven.  “Association of Alfa-Bank and Ukrsotsbank can take years. Various options are possible for future transactions with UniCredit in Russia”, – Quotes Bloomberg agency his  statement to journalists in Kiev. According to Aven, “Alfa-Bank” is going to […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

Bread of Ukraine will hold a major reorganization of assets for restoring the financial stability

Bread of Ukraine, SJSC was artificially brought in a stalemate bankruptcy. Therefore, the only logical way is a total reorganization of the assets and liabilities of the company, and the beginning of the working subsidiaries. This was announced by the Chairman of the Board of the company – Igor Kobelia. According to his words, as […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

Virgin Atlantic Airways asks for protection from bankruptcy

British airline Virgin Atlantic Airways, which has assets and leading business, including in the United States, 49% of which belongs to the American Delta Airlines, filed a claim for bankruptcy protection in the Southern District of New York. Chapter 15 of the US Bankruptcy Code: “Law on Prevention of Abuse in Bankruptcy and Consumer Protection” […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
Analytics

EXPERT OPINIONS

What are the prospects for the development of foreign and domestic business in Ukraine in the next three years? Petro Rondiak, the Chairman of the Board of Winner Group Ukraine At Winner, we have always been optimistic about the prospects of Ukraine. Our investments reflect the long-term intentions for staying in the country. In the […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

PIFs brought a million dollars to the budget for the year

Currently, there are almost 2 million entrepreneurs in Ukraine, and each of them pays an average of 13 thousand hryvnias a year. Thereby, in 2019, the turnover of the PIF`s economy amounted to 1 million dollars. “Over the past eight years, revenue from private individuals to the budget have increased by 24 times. In the […]

Next
Singapore Airlines makes a deal on the acquisition  of Tiger Airways
News

The German company Leoni AG will build a second plant in Ukraine

The German company Leoni AG will build a plant in Kolomyja,  Ivano-Frankivsk region. This was reported by Dmitry Romaniuk, the head of the department of European integration and the development of tourism in Ivano-Frankivsk Regional State Administration. “The German company Leoni AG will build a new plant in Ivano-Frankivsk region (Kolomyja) and will create 8150 […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com