Tiger buys Seair stake

Singapore-based Tiger Airways Holdings is buying 32.5 per cent of Southeast Asian Air (Seair) for US$6 million.

It has signed an agreement with Seair to purchase 32.5 per cent of the Philippine carrier.

"We are delighted that Tiger Airways wants to become a significant shareholder in Seair," Seair ceo Avelino Zapanta said.

Singapore-based Tiger Airways Holdings is buying 32.5 per cent of Southeast Asian Air (Seair) for US$6 million.

It has signed an agreement with Seair to purchase 32.5 per cent of the Philippine carrier.

"We are delighted that Tiger Airways wants to become a significant shareholder in Seair," Seair ceo Avelino Zapanta said.