Tigerair - whats going on??
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Tigerair - whats going on??
Rumours around that lots of people have been fired. contracts not being renewed, no notice period given.
Any one else care to update?
Any one else care to update?
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If so, then why are MPL cadets still arriving in vast numbers??????
Rumours that the SQCargo guys have been asked to leave. This is after they all paid for their 320 TR's only very recently.
Rumours that the SQCargo guys have been asked to leave. This is after they all paid for their 320 TR's only very recently.
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Tiger Airways in $4.2b Airbus order
Tiger Airways in $4.2b Airbus order
March 24, 2014
Tiger Airways, the budget carrier partly owned by Singapore Airlines, ordered 37 Airbus Group NV planes, canceling some existing orders as it opts for more fuel-efficient models.
The order for single-aisle A320neo planes is valued at $US3.8 billion ($4.2 billion) and is for delivery between 2018 and 2025, the airline said in a statement to the Singapore stock exchange today. Manufacturers typically give discounts on list prices. The carrier has the option to increase the order by up to 13 aircraft and also to convert the model to a bigger variant.
As part of the new purchase agreement, Tiger Air canceled existing orders for nine A320s as the new model, powered by Pratt & Whitney engines, will help the company save about S$40 million ($31 million) a year on fuel. An economic boom and a surge in travel demand across Southeast Asia has prompted budget airlines in Indonesia, Malaysia and Vietnam to buy new aircraft, stoking concerns about whether the industry is building more capacity than it needs.
"This deal effectively dissipates some concerns over a potential capacity overhang in the next couple of years," Tiger Air's Chief Executive Officer Koay Peng Yen said in the statement.
The planes that Tiger Air canceled were for delivery between 2014 and 2015, according to the statement. The company operates its airline under the brand name Tigerair.
Asia-Pacific Growth
The Neo is an updated version of Airbus's most popular single-aisle A320. It comes with two choices of more fuel- efficient engines, and the first Neos are set to enter service late next year.
While the Asia-Pacific region remains the most promising for travel growth, with a third of Airbus and Boeing Co. orders, a five-year jet-buying frenzy may give way to a more sober approach as carriers adjust to the challenges of intense competition and inadequate infrastructure.
Tony Fernandes, the chief executive officer of Asia's biggest budget carrier AirAsia Group, said last month he's ready to take a "back seat," deferring seven deliveries this year and 12 next year.
Australia's Qantas Airways Ltd. said last month that Singapore-based low-cost arm Jetstar Asia had "suspended" growth, adding that while major opportunities remain in the region, current market circumstances had forced a halt.
Discount carriers account for 25 percent of total seats in Asia, versus 2 percent a decade ago, according to Airbus. Some 10 new airlines may join the 50 budget carriers already operating across the region, according to Capa Centre for Aviation.
Toulouse, France-based Airbus, which delivered a record 626 planes last year, will step up the production of its single- aisle aircraft to 46 a month in 2016 from 42 now as airlines seek more fuel-efficient models
Read more: Tiger Airways in $4.2b Airbus order
Tiger is ready to move into the next phase of its business, whether Mandala is with I cant answer that. The next phase is clearly operating a sustainable, profitable business of airlines. Tiger Phil has been offloaded with the loss written off. Aircraft will be returned to parent which explains any cancellations. If Mandala was to be closed, that is a potential 14 aircraft from both airlines to be returned to the parent. Australia might take a few, expect a few to Taiwan for the new Tiger Taiwan.
Tiger Singapore is a proven very profitable business, but they along with Jetstar have swamped the market with seats and have both now pulled back to focus on yields. Tiger Australia is the one to watch. Expect a pretty speedy turnaround with this one from what it once was.
Tiger Singapore is a proven very profitable business, but they along with Jetstar have swamped the market with seats and have both now pulled back to focus on yields. Tiger Australia is the one to watch. Expect a pretty speedy turnaround with this one from what it once was.
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Hi Poppajo
Singapore is a very difficult place to operate an LCC, as the island is already over-served by existing native airlines. The Philipines and Indonesia have not worked out as expected, and no doubt some assets will be repatriated to 9V land. A base in Taiwan is probably a good idea, to improve things for customers in Southern China, as no doubt there is [U]Potentially[U] a very good market there. Since the IPO in 2010 the share price has only gone down, and is languishing around the 40cent mark, down from its best of 2.10 shortly after issue.
Much of the old world charm has now gone out of Singapore, and the programme of "Concrete-isation" of the island continues apace. Singapore is really a place for transiting to somewhere else in the region, or a short visit, to the modest but well done visitor attractions, most of which can be done in half a day or a day at most. Quite rightly, Changi airport gets its plaudits, and is no doubt a model others could learn from.
Tiger Australia now majority owned by Virgin (60 % iirc) and agree, it has great potential, I wish them well. For the rebranded Tigerair Singapore, I think has some way to go before it becomes a profitable business, as the management suffer from the Singaporean mindset.......of hopelessly over-estimating their position on the world stage.
I really do wish them well also, but there are still difficult trading times ahead. BTW the focus, as in all airlines, was always on yield, and for a while a couple of years ago, it did start to recover and make headway, but now seems to have fallen back,.... which is a shame. :-/
Singapore is a very difficult place to operate an LCC, as the island is already over-served by existing native airlines. The Philipines and Indonesia have not worked out as expected, and no doubt some assets will be repatriated to 9V land. A base in Taiwan is probably a good idea, to improve things for customers in Southern China, as no doubt there is [U]Potentially[U] a very good market there. Since the IPO in 2010 the share price has only gone down, and is languishing around the 40cent mark, down from its best of 2.10 shortly after issue.
Much of the old world charm has now gone out of Singapore, and the programme of "Concrete-isation" of the island continues apace. Singapore is really a place for transiting to somewhere else in the region, or a short visit, to the modest but well done visitor attractions, most of which can be done in half a day or a day at most. Quite rightly, Changi airport gets its plaudits, and is no doubt a model others could learn from.
Tiger Australia now majority owned by Virgin (60 % iirc) and agree, it has great potential, I wish them well. For the rebranded Tigerair Singapore, I think has some way to go before it becomes a profitable business, as the management suffer from the Singaporean mindset.......of hopelessly over-estimating their position on the world stage.
I really do wish them well also, but there are still difficult trading times ahead. BTW the focus, as in all airlines, was always on yield, and for a while a couple of years ago, it did start to recover and make headway, but now seems to have fallen back,.... which is a shame. :-/
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Virgin would have been happy to see Tiger Australia fold, one less competitor tanking yields.
But Singapore paid $120m for another 10% of Virgin, who then bought 60% of Tiger Australia for $60m.
Think they were pushed into it, Help us or we wont help you!
But Singapore paid $120m for another 10% of Virgin, who then bought 60% of Tiger Australia for $60m.
Think they were pushed into it, Help us or we wont help you!
Tiger Australia has no hope of making a profit in Australia unless it raises prices (which ain't going to happen). The tiger Australia workers are becoming more unionised, and CASA does not allow any dodgy maintenance work compared to what I have witnessed with aircraft in some parts of Asia to save costs. There isn't really anything tiger can do to cut costs legally. It's the same with jetstar Australia and they both have never produced a profit.
I think the only reason virgin bought a huge share in tiger is to make the Australian airline market less competitive and to scare off investors into trying to start up a new low cost airline in Australia that would impact virgin mainline.
I think the only reason virgin bought a huge share in tiger is to make the Australian airline market less competitive and to scare off investors into trying to start up a new low cost airline in Australia that would impact virgin mainline.
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Loss making tigerair seeks turnaround by clipping its own wings
Tigerair is grounding eight planes and cutting unprofitable flights in an unprecedented move to turn its loss-making business around. Battered by bruising competition, which has pushed the carrier into its biggest loss ever, Tiger-air will park the planes - about 15 per cent of its total fleet - until the end of March next year. The decision to downsize comes about two months after the airline cancelled an order for nine single-aisle planes that were due to arrive this year and next. There are just too many flights serving the region and not enough demand to fill seats, said group chief executive officer Koay Peng Yen during a media tele-conference following the release of Tigerair's financial results yesterday. - See more at: Loss-making Tigerair seeks turnaround by clipping own wings
Tigerair is grounding eight planes and cutting unprofitable flights in an unprecedented move to turn its loss-making business around. Battered by bruising competition, which has pushed the carrier into its biggest loss ever, Tiger-air will park the planes - about 15 per cent of its total fleet - until the end of March next year. The decision to downsize comes about two months after the airline cancelled an order for nine single-aisle planes that were due to arrive this year and next. There are just too many flights serving the region and not enough demand to fill seats, said group chief executive officer Koay Peng Yen during a media tele-conference following the release of Tigerair's financial results yesterday. - See more at: Loss-making Tigerair seeks turnaround by clipping own wings
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smiling monkey,
I am just a small fry and Singapore government did not make any noise since Singapore is now the biggest pay to fly market in Asia, what i say carries no weight
I am just a small fry and Singapore government did not make any noise since Singapore is now the biggest pay to fly market in Asia, what i say carries no weight
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Lingdee, the question you should be asking is not what happens to the pay to fly.
Who cares? They paid, they flew. Plenty more where they came from.
The question you should be asking is what about the SIA and Cargo guys. Admittedly they also paid to fly. $48K for a 320 type rating and one year later have all been asked to FO back to where they came from.
One guy has only been flying for 6 months. More fool them for paying for the rating in the first place.
But it makes sense in the eyes of management here. Why pay an FO $7K basic when you can take in a cadet monkey, pay him $3K AND get him to pay again another $48K for a type rating. Repeat cycle every year.
Not to mention the kickback tiger get from STAA for placing the cadets in the first place.
Who cares? They paid, they flew. Plenty more where they came from.
The question you should be asking is what about the SIA and Cargo guys. Admittedly they also paid to fly. $48K for a 320 type rating and one year later have all been asked to FO back to where they came from.
One guy has only been flying for 6 months. More fool them for paying for the rating in the first place.
But it makes sense in the eyes of management here. Why pay an FO $7K basic when you can take in a cadet monkey, pay him $3K AND get him to pay again another $48K for a type rating. Repeat cycle every year.
Not to mention the kickback tiger get from STAA for placing the cadets in the first place.
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Wake Up 1alpha
P2F has ruined the sector. In the USA they tried this scheme and it back-fired in their faces. Very very soon, the Chief Pilots grew tired of ever-increasing reports of below standard sim sessions by the majority of the fat-walleted children of the rich, with no place in an airliner. Oh well, within a decade most planes will be RC´d anyway. In the meantime, us seasoned but absolutely kicked aside older guys stir in the memory pools of yesterday..... In Asia they´ve seen the light and now they should prepare for the major blackout
In Asia they´ve seen the light and now they should prepare for the major blackout
