Shares of Singapore’s budget carrier Tiger Airways (TAHL.SI) plunged as much as 16% to its record low on Monday after its Australian operations were grounded by authorities there.
At 9:02 a.m., shares of Tiger Airways were 13.5% lower at $1.03 with over 2 million shares changing hands.
Tiger listed in Singapore in early 2010.
At 9:02 a.m., shares of Tiger Airways were 13.5% lower at $1.03 with over 2 million shares changing hands.
Tiger listed in Singapore in early 2010.
Australia’s airline safety regulator grounded Tiger’s Australian operations over “serious” safety concerns during the weekend.
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