Tiger sting in the tail
Tiger Airways, partially owned by Singapore Airlines, has blamed its enforced shutdown in Australia for a US$81.9 million loss for the financial year ended March 31, 2012.
Chin Yau Seng, Tiger Airways group CEO, said the six-week suspension (on safety grounds) contributed significantly to the poor financial result, and led to the under-utilisation of Tiger’s fleet.
Tiger Airways confirmed it had signed off on a 33% equity investment in PT Mandala Airlines in January 2012, allowing the Indonesian carrier to resume operations in April.
Tiger is also putting the final touches to a deal to acquire, for US$7 million, a 40% equity stake in Philippines-based South-east Asian Airlines.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments