Tiger Company Statement:
Singapore, 6 July 2011. Tiger Airways Holdings Limited makes the following announcement regarding
Tiger Airways Australia Pty Limited (“Tiger Airways Australia”).
Tiger Airways Australia understands that the Civil Aviation Safety Authority of Australia (“CASA”) intends to file an application in the Federal Court on 7 July 2011 seeking an extension to the period for suspension of flights until 31 July 2011.
Tiger Airways Australia has been working constructively with CASA for the past five days to establish a plan for the resumption of our services and will not oppose the period of extension.
Tiger Airways Australia remains committed to resuming services as quickly as possible.As a consequence, Tiger Airways Australia will refund fares to those passengers holding reservations between now and 31 July 2011. Tiger Airways Australia offers its sincerest apologies for any inconvenience caused.
Tiger Airways Holdings Limited also announces the following management changes:
• The current Chief Executive Officer of Tiger Airways Australia, Mr. Crawford Rix, will leave the airline on 31 July 2011. The Company will be appointing Mr. Tony Davis to the role of Chief Executive Officer, Tiger Airways Australia. Mr. Davis will continue to serve as a Director of Tiger Airways Holdings Limited.
• Mr. Chin Yau Seng, Executive Director of Tiger Airways Holdings Limited will be appointed as Acting Chief Executive Officer.
So Tony becomes Tiger Australia's CEO, and Chin Yau Seng, who was Divisional VP Cabin Crew Ops at SIA till last Saturday, becomes Acting Group CEO.
In another SHOCKING event, Tiger relieved its current chairman and appointed the very first Chairman of SIA, JY Pillay, as non-executive Chairman of the board.
Singapore, 6 July 2011. Tiger Airways Holdings Limited (the “Company”) has today appointed Mr. J Y Pillay as an independent Director. With immediate effect Mr. Pillay takes over as nonexecutive Chairman from Mr. Gerard Ee who remains on the Board as an Independent Director.
Mr. Pillay is a Member of the Securities Industry Council. He is the Chairman of the Council of Presidential Advisers of the Republic of Singapore and Member of the Presidential Council for Minority Rights. He is also the Rector of Residential College 3 in the University Town of the National University of Singapore.
Mr. Pillay was in the administrative service of the Government of Singapore from 1961 to 1995 rising to permanent secretary in 1972. He served in the ministries of finance, defence and national development, and was the Managing Director of the Monetary Authority of Singapore and the
Government of Singapore Investment Corporation.
From 1996 – 1999 he was the High Commissioner in Britain and Nov 1999 – Dec 2010 he was the Chairman of Singapore Exchange Limited.
He also previously served as the Chairman of the Development Bank of Singapore (1979 – 1984); Singapore Airlines (1972 – 1996); Temasek Holdings (1974 – 1986); and the Council on Corporate Disclosure and Governance (2002 – 2007).
Mr. Pillay graduated with B.Sc (Hons), Imperial College of Science & Technology, University of London in 1956.
So after years of not having a hand in running Tiger, SIA is now putting its hands all over it. Is it too little too late though?