AirAsia revenue up 32% in final quarter; Tiger Airways to take stake in SEAir

Tiger Airways signed a term sheet for the purchase a 32.5% stake in SEAir for USD6 million from co-founders Iren Dornier and Nick Gitsis, who will hold a combined 7.5% stake in the carrier after the sale. A majority 60% stake of SEAIR will still be held by local investors.

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