TIGER AIRWAYS HOLDINGS LIMITED

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(Incorporated in the Republic of Singapore) Company Registration Number: 200701866W  

COMPANY STATEMENT

Singapore, 10 August 2011. Tiger Airways Holdings Limited (the “Company”) makes the following 

statement with regards to its wholly-owned subsidiary Tiger Airways Australia Pty Limited (“Tiger 

Airways Australia”). 

   

Re-instatement of Tiger Airways Australia's Air Operator's Certificate 

   

The Civil Aviation Safety Authority of Australia (“CASA”) has today discontinued its application in the 

Federal Court of Australia for an extension of the period of suspension of Tiger Airways Australia’s Air 

Operator’s Certificate (“AOC”). This action re-instates Tiger Airways Australia’s AOC. 

Tiger Airways Australia has worked constructively with CASA to address the concerns that were 

raised, which has now enabled the AOC to be re-instated. CASA has imposed certain conditions on 

the AOC, including an initial limitation of 18 sectors per day in August 2011. Sector production after

August 2011 will be subject to CASA approval. Tiger Airways Australia is committed to complying with 

these conditions. 

Resumption of Services at Tiger Airways Australia

As a consequence, Tiger Airways Australia will recommence ticket sales and will implement a gradual 

resumption of domestic services from Friday 12 August 2011. 

   

The airline is resuming services with a simplified flight programme in order to focus on flying popular 

and profitable routes. Flights will initially resume between Melbourne Airport (Tullamarine) and 

Sydney for travel from Friday 12 August 2011. As part of its simplified flying programme, Tiger 

Airways Australia will reduce its operating fleet from 10 Airbus A320 aircraft to eight Airbus A320 

aircraft. Consequently, two Airbus A320 aircraft will be redeployed to the Company’s other airline 

businesses.

   

Further network developments will be announced shortly.

   

The new flight schedule will initially consolidate the business into a single crew base operating from

Melbourne Airport (Tullamarine). Tiger Airways Australia has today confirmed the imminent closure of 

its Adelaide Airport crew base and the temporary suspension of its Avalon (Melbourne) Airport crew 

base. All Tiger Airways Australia staff currently working from the Adelaide and Avalon crew bases will

be offered redeployment to the Melbourne Airport (Tullamarine) operation. 

   

Passengers already booked to fly with Tiger Airways Australia from 12 August 2011 will be advised of 

any change to their travel plans as soon as possible and will be offered a range of options including a 

free of charge transfer to another Tiger Airways Australia flight of their choice, or if their flight is not 

operating a full refund back to the original form of payment or a credit for deferred travel.

   

                                                             

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The initial public offering of the Company was sponsored by Citigroup Global Markets Singapore Pte. Ltd. and Morgan Stanley 

Asia (Singapore) Pte. (the ‘Joint Issue Managers’). The Joint Issue Managers assume no responsibility for the contents of this 

announcement. Tiger Airways Australia is committed to a safe, viable and long term future in Australia. The airline 

remains committed to regaining the confidence and trust of its customers, through an enhanced focus 

on punctuality and convenience, while offering Australia’s most affordable air fares. 

   

Carbon Price Impact

   

On 11 July 2011, the Australian Government introduced a carbon price system. Commencing from 1 

July 2012, a starting carbon price of A$23 per tonne has been proposed to apply to Australian 

domestic airlines through an increase in aviation fuel excise. Whilst the expected cost impact on Tiger 

Airways Australia is highly dependent on the flying program at that time, initial modelling suggests that 

the impact is estimated to be approximately A$3 per passenger, which will vary depending on sector 

length. Tiger Airways Australia intends to pass this additional cost on to passengers. 

   

Services operated by Tiger Airways Singapore Pte Ltd to and from Australia are not impacted by the 

proposed carbon price system.