SINGAPORE: Singapore's Tiger Airways Holdings Ltd said it would be replacing its CEO with an executive from its largest shareholder, Singapore Airlines Ltd, days after the budget carrier reported a big widening in its losses.
Lee Lik Hsin, a 20-year veteran of SIA, which owns 40% of Tiger, will become chief executive from May 12, replacing Koay Peng Yen who joined Tiger less than two years ago, Tiger said in a statement on Wednesday.
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