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Singapore Airlines gets new CEO at troubled Tiger Air

14 May 2014 01:41:56

reuters.com

(Reuters) - Tiger Airways Ltd (TAHL.SI) is replacing its chief executive officer with a Singapore Airlines Ltd's (SIAL.SI) board member, in a sign that its largest shareholder will wield greater influence at the troubled budget carrier.


Wednesday's move comes less than a week after Tiger reported losses ballooned in its last financial year and as Singapore Airlines, which owns 40 percent of Tiger, pushes a strategy of expanding its exposure to the fast-growing Asia Pacific market and the low-cost segment.


Read full story: reuters.com

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