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Tiger Airways shares rise 3pc after joint venture plan announced

Published December 16, 2013 Updated December 16, 2013 07:04am
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By Shoaib Ur Rehman
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imageSINGAPORE: Shares in Tiger Airways Holdings Ltd rose 3 pct on Monday after it announced a joint venture with China Airlines Ltd to form a Taiwan-based budget carrier.

The low-cost airline also announced new agreements with Spicejet Ltd and Scoot, Singapore Airlines Ltd's long-haul budget carrier.

At 0110 GMT, shares in Tiger Airways were up 3.0 percent at S$0.515 ($0.41), outperforming the benchmark Straits Times Index , which was down 0.33 percent.

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