Tigerair Taiwan Ltd has applied to the Taiwan Stock Exchange (TWSE) to list its shares on the main board, hoping to raise more capital before the international travel market recovers next year, the low-cost carrier said yesterday.
Although the airline falls short of the main board’s stricter requirements, as it reported a loss last year amid the COVID-19 pandemic, it should be eligible under relaxed listing rules for companies affected by the pandemic, the exchange told the Taipei Times by telephone.
Under the relaxed rules, the review committee focuses on an applicant’s financial results from every year except for the one affected by COVID-19, the exchange added.
Tigerair Taiwan reported net profit of NT$981 million (US$35.43 million) in 2018 and NT$808 million in 2019, before reporting net loss of NT$1.37 billion last year.
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