Hi All, Interesting news out of Singapore overnight, I'll...

Hi All,

Interesting news out of Singapore overnight, I'll surmise here but the Bloomberg news article is below:

- The Tiger CEO, Ryanasia Ltd and Indigo Sindapore Partners sold 65.8 million shares in a market placement this week. Tiger has about 536m shares on issue, so that equates to roughly 12.27% of the shares on issue.

- also, I'll direct quote this to avoid misrepresenting, "Tiger Air canceled flights because of a shortage of pilots, the Straits Times reported, without saying where it got the information. More than 20 Tiger Air pilots have resigned since June, and the company has tapped Indonesias Mandala Airlines for temporary help, the newspaper said"

- Macquarie downgraded the stock to underperform

http://noir.bloomberg.com/apps/news?pid=conewsstory&tkr=TGR:SP&sid=aFXgEs5pnqvs

All IMO, read the article for what was said & DYOR!