How peculiar the CEO (and other shareholders) would offload a big amount of shares just after a string of good news (+4 aircraft in Singapore announced on 6th Aug, JV with Thai...) and just before the sh... hits the fan! The pilot exodus was known to them, (3 month notice period!) and most haven't left yet. It may or may not be insider's trading, but what does it say about Tiger's future?
Then this little Gem pops up today in the Australian press
Jet's flapping wing forced down passenger flight
which was well kept quiet! Got to giggle about the headline...the way it is written
Discount airline Tiger scraps routes, and 'breached' safety rules
TIGER Airways is in trouble, announcing it is scrapping its underperforming Queensland to Adelaide flight routes on the same day it was revealed it "breached" air safety rules over a flapping wing. A Tiger passenger jet flew for eight months with a faulty wing before the problem was fixed and reported to investigators, an air safety report reveals,
Australian Transport Safety Bureau investigators say in the report that the problem should have been reported eight months earlier when it was experienced by another pilot, forcing him to turn back and land.
In both instances the shaking disappeared when the jet was landing.
Investigators found that Tiger Airways, the operator of the aircraft, failed to comply with the Transport Safety Investigation Act by not reporting the earlier incident.
Tiger tweaks incident reporting procedures after A320 aileron fault
The aircraft's co-pilot, who looked out of the cockpit window, reported that "the left aileron was moving up and down continuously, and that the left wing was moving up and down through about 1m", says the ATSB report.
The flight crew then decided to divert the aircraft to Gold Coast.