Tiger Air Signs Aircraft Finance Deal

October 28, 2010

Bookmark and Share

Singapore budget carrier Tiger Airways said on Thursday it has signed a multi-million dollar financing deal with Standard Chartered Bank for pre-delivery payments (PDP) of 14 new aircraft.

"Standard Chartered Bank has been mandated to arrange and sole finance a Singapore dollar-denominated structured PDP financing arrangement for Tiger Airways," the company said in a statement

(Reuters)