Shares of Singapore’s budget carrier Tiger Airways (TAHL.SI) jumped 3.8% on Wednesday, after news that it may resume its Australian flights by early August, traders said.
At 2:22 p.m., Tiger shares were traded at $1.225 with over 16.7 million shares changing hands.
At 2:22 p.m., Tiger shares were traded at $1.225 with over 16.7 million shares changing hands.
Tiger is working with Australia’s aviation regulator towards the resumption of domestic flights in the country by early August, a source said on Wednesday, after its flights were grounded more than three weeks ago on safety concerns.
Australia’s Civil Aviation Safety Authority (CASA) is expected to lift a ban on the Singaporean budget carrier flying on Aug. 1, the source familiar with the situation said, although the exact timing of Tiger resuming flights was still being discussed.
No comments:
Post a Comment