Today is also a very important day for Tiger, in that Tony Davis finished his 7 years at the helm yesterday. Certainly did go out with a bang now didn't he...

Hopefully the company will head into a more positive direction, although the question remains if they can build their image back to what it was pre grounding (which was already ****ty). From observations to date, I don't believe it's possible, not for the next 5 years at least. The Tiger brand is well and truly burnt here, and they are going to need one he'll of a miracle to get things moving again.

I am still completely astounded how SIA let this carrier's management make the decisions they have been making over the past four years. What has been happening behind closed doors has just been astounding (god forbid the day the whole "show cause" reasons ever become exposed :eek:) They can't say they didn't see this coming. :mad:

Sunstar: SIA took a very handsoff approach to Tiger. Chew Choon Seng, the previous SIA CEO from 2003 to 2010, didn't really care much about his airline. He only aimed to give his shareholders a S$1 dividend per year at least, which based on a share price of S$11 to S$16, is anywhere from 5 to 8%. Which is almost unheard of for any airline.

Under Chew Choon Seng's watch, SIA withdrew from many destinations, including Chicago, Las Vegas, Brussels, Darwin, Cairns, TPE-LAX, ICN-YVR among others. So long as he met his target of being able to give a S$1 dividend, he didn't care much for anything else.

SIA"s marketshare in SIN shrank from 50% to 35% during his term.

He also took a completely handsoff approach with Tiger. With an initial capital injection of $20 million, Tiger was worth about $800 million SGD at its max share price of $1.80. (It listed at $1.50 I think). Today it is 67 cents. As a financial investment, it paid off handsomely in 2010.

And I kid you not, SIA found out about Tiger's grounding from the evening news that Saturday evening.

So Now they have sent an EVP to go and manage it, and are wasting a lot of management time trying to clear up the mess Tony Davis and his team did.

Tony Davis scoots off (OH PUN!) to Europe with $12 million made from his IPO. Nice for him.

What is an EVP?

Executive Vice President

Tigers' recent woes are well and truely history with the travelling public. Reliability is up, planes are full and Davis is gone :D

It seems QANTAS is now the target for anyone who wants to have a go.

I call bull**** on this.

throw away line 1a.

I'll give you the benefit of the doubt and wait for a more well thought out response maybe with some support for your argument.

Very interesting analysis of the Scoot business case here-
SIA's long-haul low-cost subsidiary strategy to restore growth after a lost decade | CAPA
Cheers
N'oz

Hey Otto, before you call for figures from others, how about you provide some to support your assertion?

Announcement between 8-9pm tomorrow with the last quarters loss and other announcements.

The loss is expected to be quite significant.

Press conference in Singapore in 30 mins.

When is Tiger allowed to increase their frequencies/flights?? Any word from CASA??

b.

Tiger Airways announces net loss - Channel NewsAsia

Tiger's result that was announced

WHAT A CRAP OUTFIT HOW LONG WILL IT LAST?:cool:

nobhead your name says it all.

Expected a loss. If SIA puts that money into keeping them afloat dont think there going anywhere soon..

Hey jb dont get uptight just asking how long do you think sia will keep putting up the cash?, if it falls over ek need drivers! Dxb is nice this time of year.:{

Tiger Airways Australia incurred an operating loss of S$27.2 million for the quarter, with revenue falling to S$8.8 million from S$67.2 million a year earlier.

Wow! That's a large loss for only a QUARTER. Obviousally the grounding hurt alot more than expected, and with the rapid expansion of Air Australia offering full service and similar fares, the public may finish the Auz operation with their feet! I hope not, as Tiger definately kept fares low when they were flying at their peak.

Yep
Charging less than a cab fare to the airport or to park your car.
Great business models.
Think I will invest in the car park operator, offer a slab of concrete and make more money than an airline.

Hey Aussie Aviator, I think there's something wrong with your maths. If Tiger make a loss at their price point, how on earth do you think Air Australia can make a profit by, as you call it, offering full service for similar fares? Especially given Air Australia don't have big brother to prop up the losses? Are you serious?

Air Australia ( or Strategic as it was ) used to be full service, they have now gone low coast.