Tiger Airways

Tiger Airways: Group announced that they do not intend to sought a replacement for its Australian business, given the existing corporate developments related to the proposed sale of 60% of Tiger Australia. Tiger Airways Australia CEO, who had previously tendered his resignation on 6 Dec 2012 will serve his last day on 14 Mar 2013. The date that the Australian regulator will give its final decision on Tiger Australia's 60% sale to Virgin Australia will be given on 14 Mar 2013. Group trades at 2.8x P/B;