Tiger Airways has approached shareholders at an extraordinary general meeting for approval to raise $297 million to fund aircraft purchases needed for expansion and to support its investment in Indonesia’s Mandala Airlines and South East Asian Airlines in the Philippines. Group chairman J.Y. Pillay has been forced to justify the request for additional funds since its last raised $158.4 million in September 2011. Pillay said: “Shareholders are entitled to ask why we are again seeking to raise funds… What happened to the $158.4 million that we raised earlier?” He blamed the need on the effects from the six-week suspension of
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