Shares of Singapore’s Tiger Airways rose as much as 3.3% after the budget carrier’s Australian subsidiary received approval to operate a maximum of 64 sectors per day from October, up from 38 currently.
In a statement on Wednesday, the company also said it will set up a second Australian base in Sydney. By 10:31 a.m. , Tiger shares were up 2.7% at $0.775.
The approval from the Civil Aviation Safety Authority of Australia is with immediate effect, Tiger said.
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