PPRuNe Forums - View Single Post - Merged: Tiger Tales
View Single Post
Old 28th Feb 2010, 08:53
  #412 (permalink)  
Sunstar320
 
Join Date: Aug 2008
Location: Australia
Posts: 370
Likes: 0
Received 0 Likes on 0 Posts
And by the sounds of things, Davis seems very keen in gettting another Tiger subsidiary up and running in Asia somewhere, assuming Thailand or Philippines. Getting the marketshare now is key before AirAsia does, just look at their proposed Vietnam venture. If Tiger was wanting to wait until they were significantly profitable (say 2/3 years away), well AK would have doubled its fleet and would be taking over the region. Very important for Tiger to get in early, even if it means no dividends to be paid/ or using TR/TTs profit to subsidise the new airline. I note there is $10m allocated from the IPO for initial startup costs which was the same as Australia.

The battle between AirAsia and Tiger over the next 5 years is going to be very tough, well Tiger seems to be winning the battle against Jetstar Asia and sounds like it will shift focus to AirAsia now.
Sunstar320 is offline