SINGAPORE: Shares of Singapore budget carrier Tiger Airways fell to the lowest intra-day level since March 17 on news that Tiger chief executive officer sold one million shares in the firm and on analyst concerns that its budget carrier alliance with Thai Airways may fall apart as the Thai carrier sets up its own regional airline.
Tiger shares dropped as much as 3.6% to S$1.33 in early trade yesterday, but had since edged up to S$1.34. On March 17, Tiger stock hit an intra-day low of S$1.32.
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