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Tigerair chief quits amid turbulence

Move follows carrier's report of jump in losses; SIA exec to take over reins

Published on May 8, 2014 7:07 AM

Embattled Tiger Airways said its chief executive is stepping down next Monday.

The shock announcement came just six days after the budget carrier reported a sharp increase in losses.

Mr Koay Peng Yen, 48, will stay on the board as an adviser and non-executive director until the annual general meeting on July 31, the firm announced.

He will be replaced by Singapore Airlines (SIA) executive Lee Lik Hsin.

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