According to a recent development it has been revealed that Tiger Airways has planned a ‘rights issue’. This would be able to raise a sum of as much as US$150 million for the firm.

The firm as well as a number of other stakeholders in the firm, such as Singapore Airlines has both asked for trading halts. This is something they are doing before the release of the announcement they are to make.

It was reported by the Australian Financial Review that the Tiger Airways has cut its expansion plans. And now the airline has planned to review its Australia operations after seeing the company's first full-year loss.

The Singapore-based, low-cost airline has made a great effort to turn a profit in Australia, and now it is planning to start again the routes that planes fly to and from Australian airports.

Just after agreeing to take up stakes in airlines of Indonesia, Thailand and the Philippines, it was announced by Tiger Airways Holdings that they are looking out for more overseas partnerships.

Back home, the support garnered by the domestic tranche of Tiger Airways' Initial Public Offering was massive, with the issue being 21 times oversubscribed. Singaporeans shrugged off all concerns and industry reservations about the low-cost carrier's financial performance and flocked around to get their hands on shares.

Tiger Airways, the low cost carrier based in Singapore, gave a push to its expansion plans in Asia and Australia by advancing the delivery of five Airbus A320 aircrafts. The carrier, 49 percent owned by Singapore Airlines, said that it would get the delivery of aircrafts by this year against the scheduled delivery in 2006.

Budget carrier Tiger Airways, 49 % possessed by Singapore Airlines, has contracted its IPO.

Tiger will raise S$200 million - $250 million which was earlier planned at S$420 million, as reported by a source. But another story cooking up reveals that Tiger would offer S$250 million worth of shares with an option to increase the issue size by 10-15 percent.

It is planning to utilize the amount for buying a new aircraft and also to pay off its liabilities.

Singapore based Tiger Airways is going to float an IPO next Monday in a bid to raise proceeds worth $540m for meeting its financial needs. The news assumes significance as Tiger's rival Malaysian Air Asia is also proposing secondary listing on the Bangkok Stock Exchange.

The low-cost carrier has appointed Citigroup, Singapore's DBS bank and Morgan Stanley as its fund manager. Chief Executive Tony Davis recently added, "Slowly but surely we keep adding routes and we keep adding more aircraft to the bases and I think that's going to be the theme going forward into 2010."