Tiger: Announced its acting CEO Chin Yau Seng, will take over as the permanent head of the budget carrier on Nov. 1 to replace Tony Davis, who is leaving the Co. Davis is leaving to take up a new position outside the Co. and will cease to be an executive director at Tiger. Tiger is in the process of appointing a replacement for Davis as the CEO of Tiger Airways Australia.
Meanwhile Citi maintains Sell with $0.65 TP, tipping Tiger’s proposed rights issue to be ‘Painful’ to shareholders, tip operating landscape to remain challenging.
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