I see no profits only loss - profit improved by S$24.7m from a loss of S$14.8m FY 31 March 2007 to a profit of S$9.9m FY 31 March 2008. So thats still a total loss.
The airline had $S18.5m in cash at September 30 with a net liability position of $S106.8m as it faces payments of $US778m for aircraft alone by the end of fiscal 2012
Would-be investors should note that Tiger's debts exceed its assets by $S107 million and that possibly includes book value (over valued assets).
Indigo intends to sell part of its 24 per cent stake into the offer while Ryanasia will reduce its 16 per cent holding if an over-allotment is triggered. This indicates that the founders are running for cover
Sorry I dont see any future. Well I see more future in Asia , but certainly not in Australia