03 Jul '11, 1pm

Tiger Airways to lose S$2m per week due to suspension

SINGAPORE: Tiger Airways Holdings estimates losses of S$2 million per week as a result of the suspension of its Australian domestic services. Australia's Civil Aviation Safety Authority put a stop to Tiger Airways Australia's flights on July 1 due to safety concerns. The suspension will last till July 9. Tiger Airways Australia said it is working with the airline safety regulator to fully address their concerns. In a statement, the board of Tiger Airways Holdings said it has directed Chief Executive Tony Davis to focus on assisting the carrier to resume operations as soon as possible. It has also appointed Mr Chin Yau Seng as an additional Executive Director effective from July 4. Mr Chin, who was previously SilkAir's Chief Executive, will work with Mr Davis to provide oversight of the rest of the company's interests. Tiger Airways Holdings also reassured that Tiger Airway...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

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straitstimes.com 04 Jul '11, 1am

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sg.news.yahoo.com 02 Jul '11, 3am

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