, Singapore

Tiger Airways caught off guard by Thai Airway's Chairman’s remarks on scrapping JV

Tiger issued  a statement saying that Thai's management will continue their joint venture, despite the Chairman of Thai Airways saying it will discontinue the joint venture.

Here’ s more from Tiger Airways’ company statement:

In response to media reports, Tiger Airways Holdings Limited makes the following statement with regards to its planned establishment of Thai Tiger Airways Company Limited, in partnership with Thai Airways International Public Company Limited.

The Company has been informed by THAI’s management that there has been no progress in the regulatory approval of the Thai Tiger project and there is therefore no change in the status of the Thai Tiger project. THAI’s management has also clarified that there was no discussion on Thai Tiger at THAI’s Board meeting on 16 September 2011. The Company will review its position with regards to this project and make further announcements as appropriate.

As of 11:00am of today, Tiger Airways has announced that it is requesting for a halt in trading. Reasons for the halt have not been disclosed.

 

 

Photo from 713 Avenue

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!