Loss-making Tigerair seeks turnaround by clipping own wings
Is this the first sign of the overcapacity that is going to plague the South East Asian region? Situations like this are where going in for a self sponsored MPL is very risky coz the MPL is generally tailored for a particular airline and if that airline is not hiring then one is pretty much redundant as far as other airlines go.
One man's loss is another man's gain. Hope this translates into better load factors for SQ/MI and they go ahead with their capacity increase.