Tiger Airways shares rise 3 pct after joint venture plan announced
SINGAPORE Dec 16 (Reuters) - Shares in Tiger Airways Holdings Ltd rose 3 pct on Monday after it announced a joint venture with China Airlines Ltd to form a Taiwan-based budget carrier.
The low-cost airline also announced new agreements with Spicejet Ltd and Scoot, Singapore Airlines Ltd's long-haul budget carrier.
At 0110 GMT, shares in Tiger Airways were up 3.0 percent at S$0.515 ($0.41), outperforming the benchmark Straits Times Index , which was down 0.33 percent. ($1 = 1.2559 Singapore dollars) (Reporting by Rachel Armstrong; Editing by Paul Tait)
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