News
China Airlines to offload equity in Tigerair Taiwan as LCC prepares to list
June 17th 2024
China Airlines (CAL) will sell 37 million shares it holds in its LCC subsidiary, Tigerair Taiwan, “to cooperate with Tigerair Taiwan’s application for stock listing planning”, the flag carrier stated in a recent regulatory filing. Read More » The sale is set at “no less than TWD$41 per share” (US$1.3), CAL said. The SkyTeam alliance member also announced it has extended the leases of 10 777-300ERs and eight A330-300s for “operational needs” with several lessors.
