Given the recent alliance between Air Asia and J* I am starting to think that Tiger are either not that serious about their game or they need to ramp up fleet size a lot quicker than they are. I'm no MD or CEO but to me the situation looks pretty grim even if they have a good float and get a lousy $200M. They are nowhere near critical mass.
I really would like them to succeed as they are providing jobs and a service (albeit somewhat inflexible) to the public but if they think the local operators will just leave them alone to get established just because they are here they should think again. Slow and easy sounds good but it has not prevented big losses.