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Mr. Piyasvasti Amranand, THAI President, announced that there is no effect to the ThaiTiger Airways from the sale of approximately 66 Million shares or 12.3% of Tiger Airways shares by the two substantial shareholders, Indigo Singapore Partner, L.P. and Ryan Asia Limited, and one of its Directors, Mr. Tony Davis, President and Group CEO of the Company. The total shares sold were at just 4% lower than the market price to institutional investors of Singapore signalling investor’s continued confidence in the Company’s prospect Tiger Airways Holdings Limited had released the announcement to investors through the Singapore Stock Exchange that the sale of the shares was due to Tiger Airways having better performance, causing an increase in the value of the shares by over 30% from February 2010, when it was listed on Singapore Stock exchange at SGD 1.50 per share to SGD 1.90 per share today. The shares were not able to be sold before now this due to the Lock up period of Singapore Stock Exchange.
Indigo Partners and Ryanasia Principal continue to be substantial shareholders of Tiger Airways Holdings Limited. Mr. Declan Ryan, Ryanasia principal remains committed to being a Director of ThaiTiger Airways Company Limited and Tiger Airways CEO, Mr. Tony Davis continues to have a significant financial commitment to the company. This move will not affect ThaiTiger Airways.
Both parties will continue to work on the setting up of the new low cost airline, ThaiTiger Airways Company Limited. Thai Airways International has already submitted its report of the establishment of ThaiTiger Airways Company Limited to the Ministry of Transportation since 18 August 2010.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
