Cebu Pacific
Cebu Pacific said it would pay US$15 million to wholly own Tigerair Philippines, a small carrier that is 40 percent controlled by Tigerair, and expects the transaction to close in a few months.
The amount also includes payment for the 60 percent share of Tigerair Philippines owned by Filipino investors.
The carrier was previously known as Southeast Asian Airlines but was renamed after the Singapore carrier bought into it in mid-2012.
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