Tiger Airways shares rise 3 percent after joint venture plan announced
SINGAPORE (Reuters) - Shares in Tiger Airways Holdings Ltd (TAHL.SI) rose 3 pct on Monday after it announced a joint venture with China Airlines Ltd (2610.TW) to form a Taiwan-based budget carrier.
The low-cost airline also announced new agreements with Spicejet Ltd (SPJT.BO) and Scoot, Singapore Airlines Ltd's (SIAL.SI) 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 .FTSTI, which was down 0.33 percent. ($1 = 1.2559 Singapore dollars)
(Reporting by Rachel Armstrong; Editing by Paul Tait)