Tiger Airways

[CityFarmer]

A very competitive market... Will Tiger survive?

Asia’s budget airlines: Only fittest will survive

SINGAPORE — Asia’s skies are becoming more crowded as regional budget carriers ramp up capacity and launch new routes to exploit the growing demand for air travel.

But as the dogfight for passengers intensifies, it looks increasingly likely that some airlines may struggle.

Mr Moshin Aziz, aviation analyst at Maybank, cautioned that only the fittest may flourish: “In this competitive environment only the big and efficient can survive and prosper. We will hear of smaller ones either going bankrupt or being bought over.”

http://www.todayonline.com/business/asia...ll-survive

[CityFarmer]

Tiger Air net loss widens on loan reclassification

SINGAPORE — Tiger Airways Holdings’ quarterly net loss widened to S$32.8 million compared to S$13.7 million in the same period last year, with the bottom line taking a hit after the company reclassified loans to an associate as an investment.

On an operating level, however, the budget airline’s performance improved: Tiger reported an operating loss of S$6.2 million for the first quarter ended June 30, better than the S$11.8 million loss in the same period last year. Revenue increased 30.3 per cent to S$236.2 million, aided by a 32.6 per cent rise in passenger traffic.

http://www.todayonline.com/business/tige...sification

[safetyfirst]

my suggestion is dont touch the listed airlines, most of them do not have a franchise as strong as it seems.. buffett almost lost all his capital in a well managed airline

After 4 months, i still think tiger sucks. It doesnt have the cash to pay for many of the new planes as it seeks to expand and grow, so it has to borrow. Think about what happens when interest rates go up, if they are struggling today with low interest rates, then what about the times when interest rates are high?

[specuvestor]

Converting loan to equity at a loss can't be good.. .this is a change of original intent or cashflow projection missed. Which associate was that?

[mulyc]

This is a tough period for Tiger. But I hear the name and logo change is for fengshui reasons as well, it should herald better times moving forward for this company. The previous logo had too much sha qi, which is why it coincided with so many problems.

Think by Q4 2013 Tiger should see upward movement given it's current trend in revenues and passenger traffic.

Not an inducement to trade. Vested.

[mulyc]

More taiji? This stock price slowly trending downwards...

CAAP to investigate stalling of Tiger Airways plane on Kalibo runway
By August 26, 2013 6:52pm
11 93 3 254
The Civil Aviation Authority of the Philippines (CAAP) has launched an investigation into the stalling of a Tiger Airways plane that resulted in the four-hour shutdown of the Kalibo International Airport on Monday.

The CAAP issued a Notice to Airmen (NOTAM) until 2 p.m. to all incoming flights after a Singapore-bound Airbus A320 of TigerAir/Seair flight DG 8802 got stalled at the end of runway 05 a little past 8 a.m.

The NOTAM, a notice disseminated to flights warning of possible hazards in their way, was issued until the plane was towed out of the runway, allowing the airport to resume operations.

According to a report from CAAP's Operations and Rescue Coordination Center (ORCC), the plane's front wheel got stuck in a soft spot at the end of the runway and stalled while making a 180-degree turn.

According to CAAP deputy director general Capt. John Andrews, the regulator's Aircraft Accident Investigation & Inquiry Board (AAIIB) has been sent to Kalibo to investigate the incident.

TigerAir vice president for commercial operations Capt. Bert Yap said that the plane's pilot and the co-pilot have been grounded, and that the airline has sent other officers to pilot the flight once the plane is cleared by safety inspectors.

Twelve flights were affected by the airport shutdown, including international flights to Incheon. — BM, GMA News

[mkmk]

From DBS Wired Daily (3rd Oct):

ASEAN aviation has expanded at a rapid pace since 2000, along with economic growth and the introduction of LowCost Carriers (LCCs) into the region. With the middle class population set to increase from 79m to 196m by 2020, and factoring in the aggressive expansion plans by LCCsas well as progress of the ASEAN Open Skies talks, we project ASEAN short haul air traffic (intra-ASEAN andASEAN - China/South Asia) to double by 2020 from 2012. LCCs will continue to grow rapidly, backed by a hugeorder book (>1,000 narrow-body aircraft on order). We like Tiger Airways (BUY, TP S$0.74) for its strong position in Singapore, and its increasing exposure to Indonesia and the Philippines.

Personally, still think the stock still got some way to go before it can (or will) turnaround.

[pianist]

Blind singer Kelvin Tan claims discrimination by Tiger Airways - See more at:
http://www.relax.com.sg/article/news/bli...RMppL.dpuf

do u think it is necessary for the indemnity?

[mkmk]

Blind singer Kelvin Tan claims discrimination by Tiger Airways - See more at:
http://www.relax.com.sg/article/news/bli...RMppL.dpuf

do u think it is necessary for the indemnity?

From Tiger Airways website:

You must inform us at least 5 (five) days in advance of the departure date through our call centre if you are vision or hearing impaired. Our crew will then be able to provide everything necessary for your safety and convenience upon your arrival.

Visually impaired passengers on flights to or from Singapore must be accompanied by a carer.

Could it be that he did not inform Tiger Airways 5 days in advance, which lead to the signing of indemnity form just before the flight? I'm just speculating, as this was not stated in the news report.

[valuebuddies]

Result is bad as usual, only the so-called "gain on loss control of subsidiary" that created the profits. By the way, I never heard about this term "gain on loss control of subsidiary", cannot find from IAS also.

source: http://infopub.sgx.com/FileOpen/Tigerair...eID=260949