Ryanasia reduced its stake in Tiger Airways

Reuters, 21 Feb 2011Feb 21 (Reuters) - Singapore's budget carrier Tiger Airways said on Monday that Ryanasia has reduced its stake in the company and is no longer a substantial shareholder.Ryanasia sold about 18.6 million of its shares, bringing its stake in the firm to 1.99 percent from 5.41 percent previously, Tiger said in a regulatory statement. Full story