Tiger to buy 32.5% stake in Philippines' low-cost carrier Seair

Flightglobal, 24 Feb 2011Singapore's Tiger Airways plans to buy a 32.5% stake in Philippine low-cost carrier Seair, following a marketing partnership between the two airlines late last year.The carrier is purchasing the share from Seair's co-founders Iren Dornier and Nick Gitsis, who will hold a combined 7.5% stake in Seair after the sale.A majority 60% stake of the airline will still be held by