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Latest Forum Topics / Tiger Airways Rg  Post Reply
TigerAir
hpong5
Master
05-Aug-2011 15:13     
 
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TIGER AIRWAYS HOLDINGS LIMITED
1
(Incorporated in the Republic of Singapore) Company Registration Number: 200701866W  
COMPANY STATEMENT
Singapore, 5 August 2011: Tiger Airways Holdings Limited provides the following update with 
regards to the suspension of Tiger Airways Australia Pty Limited’s (“Tiger Airways Australia”) 
domestic services. 
As background, the Civil Aviation Safety Authority of Australia (“CASA”) applied to the Federal Court 
of Australia on 7 July 2011 to seek an extension of the period of suspension of Tiger Airways 
Australia flights to 1 August 2011. There have been several adjournments of the court hearing date 
for the application since then.  
The court hearing for the application was held today. At the court hearing, Tiger Airways and CASA 
requested a further adjournment of the proceedings   brought by CASA from 5 August 2011 to 11 
August 2011. The court has today adjourned the proceedings by consent to 11 August 2011. 
Tiger Airways Australia continues to work constructively with CASA and the two parties are in ongoing 
discussions to resolve the issues. There is no information available yet as to when Tiger Airways 
Australia may resume services, but the airline is committed to doing so as soon as possible. 
Tiger Airways flights will, by virtue of the adjournment today, remain suspended until 11 August 2011.  
The company will provide updates to the SGX as and when there are tangible developments. 
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gavinl
Elite
05-Aug-2011 15:09     
 
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Price goes up more than 10 percent never halt.

Price goes down less than 10 percents halt.

Win aready loh.

Naked shorters, good luck to u.
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Joe2020
Veteran
05-Aug-2011 15:07     
 
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 Alert Admin 		YES!!! That is what I expected....Good Good

wisann      ( Date: 05-Aug-2011 15:06) Posted:

trading halt

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wisann
Senior
05-Aug-2011 15:06     
 
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 Alert Admin 		trading halt
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derekchong
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05-Aug-2011 15:00     
 
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 Alert Admin 		it will only happen if Tiger go below $1.00
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Joe2020
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05-Aug-2011 14:54     
 
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 Alert Admin 		Temasek and SIA will come to the rescue....or else they are seen as incapable...investor will demand their resignation during AGM. First, mishandling of Tiger safety and lead to Qtr result affected. Then cannot expedite on the grounding of the plane issue. Where is Pillay?

Punter77      ( Date: 05-Aug-2011 14:43) Posted:

Current price has already factored in all the anticipated bad news so what can come after this can only be good news.... I'll think twice before shorting.....

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Punter77
Member
05-Aug-2011 14:43     
 
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 Alert Admin 		Current price has already factored in all the anticipated bad news so what can come after this can only be good news.... I'll think twice before shorting.....
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artng25
Senior
05-Aug-2011 14:31     
 
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 Alert Admin 		No worries, not vested.  As usual, fingers not fast enough. 

Joe2020      ( Date: 05-Aug-2011 14:26) Posted:

Dont Worry. It is like school children told to do correction when mistake made.

artng25      ( Date: 05-Aug-2011 12:17) Posted:

Tiger Airways Australia hits new safety snag
Posted: 05 August 2011 1211 hrs

  Tiger Airways
 
Photos 1  of 1

Tiger Airways
   
 


 

 

SYDNEY: Grounded low-cost carrier Tiger Airways Australia hit fresh problems Friday, with aviation regulators knocking back a redrafted safety manual in a move that will see its flight ban extended.

The Australian arm of Singapore's Tiger Airways has been grounded since July 2 over " serious and imminent" safety risks related to pilot training, fatigue management and other issues.

Negotiations for the ban to be lifted were in their final stages this week but the Civil Aviation Safety Authority (CASA) said " some of the documentation that they have provided is not complete and accurate and up to date."

" We've asked them to revise that, which they are doing, and obviously we can't move forward with the matter until we get that back from them and reassess it," CASA spokesman Peter Gibson told AFP.

" That obviously has delayed things a bit."

Gibson said it was unclear how long that delay would be, but dismissed reports in Australian media that it could be until the end of August.

The problems relate to " key safety documents, manuals essentially that underpin the operations of the airline" which CASA had asked Tiger to amend before it would be allowed to fly again.

The manual outlining how Tiger would manage and process its operational data was of particular concern, Gibson said, which was " quite central to safety."

The airline's Singapore-based parent company Tiger Airways Holdings issued a statement to the Singapore Stock Exchange saying it " continues to work constructively" with CASA.

" The two parties are in ongoing discussions to resolve the issues," the company said.

" There is no information available yet as to when Tiger Airways Australia may resume services, but it is committed to do so as soon as possible."

The company said Tiger Airways Australia incurred a SGD$23.2 million (US$19 million) loss in the first quarter, compared with a SGD$10.6 million loss in the same period in 2010, due to higher fuel prices and disruption from the Chile ash cloud in June.

" With the loss incurred in the first quarter, and the suspension of all domestic services in Australia for more than a month, we expect Tiger Airways Australia to report a net loss for this financial year," Tiger Holdings said, reporting a SGD$20.6 million after-tax loss for the quarter company-wide.

" The Group's financial performance will be significantly affected by the expected losses of Tiger Airways Australia, while being exposed to high and volatile jet fuel prices," it added.
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Joe2020
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05-Aug-2011 14:26     
 
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 Alert Admin 		Dont Worry. It is like school children told to do correction when mistake made.

artng25      ( Date: 05-Aug-2011 12:17) Posted:

Tiger Airways Australia hits new safety snag
Posted: 05 August 2011 1211 hrs

  Tiger Airways
 
Photos 1  of 1

Tiger Airways
   
 


 

 

SYDNEY: Grounded low-cost carrier Tiger Airways Australia hit fresh problems Friday, with aviation regulators knocking back a redrafted safety manual in a move that will see its flight ban extended.

The Australian arm of Singapore's Tiger Airways has been grounded since July 2 over " serious and imminent" safety risks related to pilot training, fatigue management and other issues.

Negotiations for the ban to be lifted were in their final stages this week but the Civil Aviation Safety Authority (CASA) said " some of the documentation that they have provided is not complete and accurate and up to date."

" We've asked them to revise that, which they are doing, and obviously we can't move forward with the matter until we get that back from them and reassess it," CASA spokesman Peter Gibson told AFP.

" That obviously has delayed things a bit."

Gibson said it was unclear how long that delay would be, but dismissed reports in Australian media that it could be until the end of August.

The problems relate to " key safety documents, manuals essentially that underpin the operations of the airline" which CASA had asked Tiger to amend before it would be allowed to fly again.

The manual outlining how Tiger would manage and process its operational data was of particular concern, Gibson said, which was " quite central to safety."

The airline's Singapore-based parent company Tiger Airways Holdings issued a statement to the Singapore Stock Exchange saying it " continues to work constructively" with CASA.

" The two parties are in ongoing discussions to resolve the issues," the company said.

" There is no information available yet as to when Tiger Airways Australia may resume services, but it is committed to do so as soon as possible."

The company said Tiger Airways Australia incurred a SGD$23.2 million (US$19 million) loss in the first quarter, compared with a SGD$10.6 million loss in the same period in 2010, due to higher fuel prices and disruption from the Chile ash cloud in June.

" With the loss incurred in the first quarter, and the suspension of all domestic services in Australia for more than a month, we expect Tiger Airways Australia to report a net loss for this financial year," Tiger Holdings said, reporting a SGD$20.6 million after-tax loss for the quarter company-wide.

" The Group's financial performance will be significantly affected by the expected losses of Tiger Airways Australia, while being exposed to high and volatile jet fuel prices," it added.
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oldflyingfox
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05-Aug-2011 14:05     
 
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 Alert Admin 		This  was expected.
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hpong5
Master
05-Aug-2011 13:49     
 
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 Alert Admin 		Singapore budget carrier Tiger Airways plunged 9
percent to S$1.045 after it said its earnings would be
significantly affected by its Australia operations, which it
expects to report a net loss for the financial year 2011-2012.
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artng25
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05-Aug-2011 12:17     
 
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Tiger Airways Australia hits new safety snag
Posted: 05 August 2011 1211 hrs

  Tiger Airways
 
Photos 1  of 1

Tiger Airways
   
 


 

 

SYDNEY: Grounded low-cost carrier Tiger Airways Australia hit fresh problems Friday, with aviation regulators knocking back a redrafted safety manual in a move that will see its flight ban extended.

The Australian arm of Singapore's Tiger Airways has been grounded since July 2 over " serious and imminent" safety risks related to pilot training, fatigue management and other issues.

Negotiations for the ban to be lifted were in their final stages this week but the Civil Aviation Safety Authority (CASA) said " some of the documentation that they have provided is not complete and accurate and up to date."

" We've asked them to revise that, which they are doing, and obviously we can't move forward with the matter until we get that back from them and reassess it," CASA spokesman Peter Gibson told AFP.

" That obviously has delayed things a bit."

Gibson said it was unclear how long that delay would be, but dismissed reports in Australian media that it could be until the end of August.

The problems relate to " key safety documents, manuals essentially that underpin the operations of the airline" which CASA had asked Tiger to amend before it would be allowed to fly again.

The manual outlining how Tiger would manage and process its operational data was of particular concern, Gibson said, which was " quite central to safety."

The airline's Singapore-based parent company Tiger Airways Holdings issued a statement to the Singapore Stock Exchange saying it " continues to work constructively" with CASA.

" The two parties are in ongoing discussions to resolve the issues," the company said.

" There is no information available yet as to when Tiger Airways Australia may resume services, but it is committed to do so as soon as possible."

The company said Tiger Airways Australia incurred a SGD$23.2 million (US$19 million) loss in the first quarter, compared with a SGD$10.6 million loss in the same period in 2010, due to higher fuel prices and disruption from the Chile ash cloud in June.

" With the loss incurred in the first quarter, and the suspension of all domestic services in Australia for more than a month, we expect Tiger Airways Australia to report a net loss for this financial year," Tiger Holdings said, reporting a SGD$20.6 million after-tax loss for the quarter company-wide.

" The Group's financial performance will be significantly affected by the expected losses of Tiger Airways Australia, while being exposed to high and volatile jet fuel prices," it added.

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Joe2020
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05-Aug-2011 12:06     
 
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 Alert Admin 		be careful dont get caught when tiger request for halt when px fall below 10%. now ard -8+% already

rickyw      ( Date: 05-Aug-2011 10:46) Posted:

yeah...i think price start to fall once more soon...

hpong5      ( Date: 05-Aug-2011 10:35) Posted:

Very few will want to long this counter except for those covering shorts
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rickyw
Master
05-Aug-2011 10:46     
 
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 Alert Admin 		yeah...i think price start to fall once more soon...

hpong5      ( Date: 05-Aug-2011 10:35) Posted:

Very few will want to long this counter except for those covering shorts.

rickyw      ( Date: 05-Aug-2011 10:29) Posted:

who bet afternoon closing will be ard $1 or lower?
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pharoah88
Supreme
05-Aug-2011 10:36     
 
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tOO  bAd

tO  bE  fAlsE

rickyw      ( Date: 05-Aug-2011 10:29) Posted:

who bet afternoon closing will be ard $1 or lower?
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hpong5
Master
05-Aug-2011 10:35     
 
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 Alert Admin 		Very few will want to long this counter except for those covering shorts.

rickyw      ( Date: 05-Aug-2011 10:29) Posted:

who bet afternoon closing will be ard $1 or lower?
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pharoah88
Supreme
05-Aug-2011 10:34     
 
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tIger aIr 

bOrn  lOser  sInce  incOrpOratIOn 

befOre  listing

becAUse  Of  eXUberAnt  mAnAgement  ? ? ? ?



cAn  a bOrn  lOser  be

rE-bIrthEd  vIA

A  listing 

IntO 

A  wInnEr  ? ? ? ?

wIth  sAmE  mAnAgEmEnt  ? ? ? ?

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rickyw
Master
05-Aug-2011 10:29     
 
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 Alert Admin 		who bet afternoon closing will be ard $1 or lower?
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hpong5
Master
05-Aug-2011 10:29     
 
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 Alert Admin 		Ya i feel so too. Australia flight still no light.
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pharoah88
Supreme
05-Aug-2011 10:29     
 
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- Tiger Airway posted a 1Q11 net loss of S$20.6m, attributable to fuel costs, higher tax expense

[this must be the reAsOn for listing Tiger Air  ? ? ? ?] 

and flight disruptions.

It added that it remains committed to Australia where it is still facing the prospects of several more weeks of suspension by the Australian aviation regulators.

WHY  dOn't  NTUC FAIRPRICE  be  listed  ? ? ? ?



WHY  nOt  SINGAPORE  POOLS  be  listed ? ? ? ?
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