SYDNEY (Reuters) - Australia's Qantas Airways unveiled plans on Tuesday to set up two new Asia-focused airlines and launch a $9 billion-plus fleet upgrade, part of a do-or-die makeover that also gives a major boost to plane maker Airbus.

The opportunity still there ..... wait until tomorrow :-)
My shorts get rejected due to COMPANY LIMIT EXCEEDED around 3pm today.
Maybe this is just fate. :p
alexchia01 ( Date: 18-Aug-2011 17:34) Posted:
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Was wanting to short this bugger.
Missed this plane, or should I said, missed this submarine. LOL.
edchai ( Date: 18-Aug-2011 17:26) Posted:
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This counter shows its true color now...... no sure how they going to compete with other budget airlines e.g. AirAsia and the up-coming budget airlines by SIA !
Tiger Airways Holdings (TGR SP) – SELL
Last price: S$0.99
Resistance: S$1.08
Support: S$0.73
We maintain technical SELL for this stock as mentioned on 5 August with a target price of S$0.73. Immediate support at S$0.99 has been tested during the last trading session and the stock may trend lower. Technical indicators are not encouraging as RSI is losing momentum and both the MACD and its signal line are turning down in tandem. Alternatively, investors may consider exiting their shorts at S$1.08.
Our institutional research has a fundamental SELL with a target price of S$0.54.
It appears AUG to DEC 2010 tiger air can fly high, other month fly low and got into problems??????
Qantas mgt will face the music from the unions
ssirajjj ( Date: 16-Aug-2011 14:06) Posted:
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Qantas to Launch New Asia Airlines
By REUTERS
Published: August 15, 2011 at 10:15 PM ET
Bad news for tiger
SYDNEY (Reuters) - Australia's Qantas Airways unveiled plans on Tuesday to set up two new Asia-focused airlines and launch a $9 billion-plus fleet upgrade, part of a do-or-die makeover that also gives a major boost to plane maker Airbus.

Qantas, which has been reviewing its offshore operations to cut costs and unprofitable routes, said up to 1,000 jobs could be lost as it launches a new, premium Asian airline and a Japanese budget carrier, the latter jointly with Japan Airlines and Mitsubishi.
These new airlines will fly Airbus A320 jets, cementing their reputation as plane of choice on regional networks over archrival Boeing Co. Qantas plans to acquire up to 110 of them, worth more than $9.4 billion at list prices.
As Qantas rebases its loss-making international operations in Asia, it also plans to give up some of its long-haul routes and retire older planes as well as cut jobs.
" To do nothing, or tinker around the edges, would only guarantee the end of Qantas International in our home Australian market," the airline's chief executive, Alan Joyce, told a news conference. He said the international operation's cost base was around 20 percent higher than its major rivals.
" That would be a tragedy," Joyce added as Qantas shares rose 4 percent on the news.
He did not say when the new premium airline would be launched, but said it could be based in Kuala Lumpur or Singapore and would not be majority owned by Qantas.
Qantas faces a likely escalation of industrial action at home over the plan's estimated 1,000 job cuts, with trade unions opposed to any move by Qantas to shift its international operations offshore.
The union representing Australia's aircraft engineers reacted swiftly, threatening industrial action within two weeks and considering a court challenge on grounds that Qantas' plan was in breach of the terms of its privatization in the early 1990s.
Australia's top union body said it would seek urgent talks with Qantas.
" We cannot see any need for there to be any forced redundancies from the plan announced today and we will seek to ensure that is the case at the earliest possible opportunity," said Jeff Lawrence, secretary of the Australian Council of Trade Unions.
An Australian senator raised the stakes further, saying he would introduce legislation in parliament to prevent Qantas from " under-paying" its offshore-based crews.
Qantas' plan refocuses its offshore business squarely on Asia, a region that should make more than half of global airline profits this year, according to the International Air Transport Association.
Qantas plans to acquire between 106 and 110 Airbus A320 aircraft, including planes for Jetstar Japan and the new premium Asia-based airline. Between 28 and 32 planes of these would be current-generation A320s and the rest the fuel-efficient, next-generation A320neo aircraft.
Airbus has scored resounding victories over Boeing with its narrow-body A320neo aircraft, taking a commanding lead in the single-aisle market once dominated by Boeing's 737 family.
Just last month AirAsia announced a deal worth $18.2 billion at list prices for 200 A320neo planes while AMR Corp's American Airlines, previously an all-Boeing customer, ordered 260 narrow-body A320 planes.
Qantas also delayed the delivery of its final six A380s for up to six years in a move aimed at conserving capital and bolstering its balance sheet.
It said it would also retire four Boeing 747s and would make no change to its existing order of Boeing 787s.
Qantas reaffirmed its earnings guidance, though it said the restructuring would cost more than A$350 million ($367 million).
($1 = 0.955 Australian dollars)
Sold my TigerAir today.
Don't seems to be going anywhere.
Just cut my loses bought 1.15 sold 1.04 9 lots hope to cover back next time after reading this,
Why is the market so panicking?
n early 2010, top officials at the Federal Reserve began to wonder: how would United States banks hold up through the European debt crisis? Investors were fleeing Greece and Ireland, and starting to get nervous about Portugal and Spain, spreading contagion.
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Guy Vanderelst | Photographer's Choice | Getty Images |
The conclusion from the stress tests that resulted was heartening to supervisors at the regulator, according to a person who was directly involved in the exercise: American banks didn’t have too much exposure to Portugal and Spain, so the contagion would not be a problem.
Unless it hit Italy.
“At the time, the results made us a bit relieved our focus was on Ireland and Greece,” said this person, who spoke on the condition of anonymity because the Fed has a policy of not discussing supervisory actions. “But if Italy goes, God help us all.”
American banks not only had a small exposure to Italian government bonds, but also a larger one to Italian banks and companies. If the European debt crisis spread to Italy, it could cause another global financial catastrophe. Only this time, global regulators might have fewer weapons to combat it. The Fed declined to comment on its analysis.
And that is why last week was so terrifying, scarier than either the stock market drop or the Standard & Poor’s downgrade of the United States credit rating: debtholders had abandoned Spain and Italy.
At one point on Friday, Italian bonds were trading at more than 400 basis points higher than Germany’s, a signal of panic. Italy has a huge debt load. If investors began to focus on that, it wasn’t clear what might stop the run.
The European Central Bank intervened this week, buying Spanish and Italian government bonds. On Monday, the panic eased in Europe, with Italian and Spanish interest rates falling. The French and Germans announced that the European Financial Stability Facility (clearly named by Dr. Seuss) would be able to buy those government bonds when it was up and running in late September.
By Wednesday, the fears were back, as French banks got hit especially hard. The problem is that Europe has tried repeatedly to fence off the problem, only to have it escape again to wreak havoc. Greece and Ireland have each been through several rounds of failed bailouts and extensions. If they are bankrupt, and not simply victims of investor panic, then someone, somewhere will have to take losses. And if Spain and Italy start to go down, those losses threaten the global economy.
European banks are on the front lines, vulnerable because they are more thinly capitalized than their American counterparts. Europe has conducted stress tests, just as the Fed has, but they haven’t instilled confidence, in part because they didn’t subject most sovereign debt holdings to any loss estimates.
The tests did require vast disclosures, however, so that investors and analysts could delve into the numbers and conduct their own analyses.
If European banks go down, what will happen to American banks? Investors and analysts seem unconcerned. American banks disclose some of their exposure to specific countries, but the information isn’t up to date and the figures depend on opaque estimates of how well hedged the banks are. Analysts differ on the amounts at risk.
According to a note from the research firm CLSA on July 13, Citigroup [C 28.49 -3.33 (-10.47%)
] had $12.7 billion in Italian holdings, much of it government-related, while JPMorgan Chase had $12.2 billion. According to a note from Bernstein Research, JPMorgan had “less than $20 billion” in exposure to Portugal, Ireland, Italy, Greece and Spain combined. But that was going in the wrong direction, up from “less than $15 billion” at the end of 2010, when one might expect the banks to be paring exposure.
These aren’t large numbers, less than 1 percent of these gigantic banks’ balance sheets. And banks wouldn’t take 100 percent losses on their investments in the event of a default.
Unfortunately, we simply don’t know whether the analysts are right. Neither the Fed nor theSecurities and Exchange Commission has forced United States banks to make as detailed disclosures as the European stress tests did of its banks. So it’s a matter of having to trust the banks and the regulators.
Disturbingly, before the financial crisis of 2008, the Fed, which is the most important bank regulator and is charged with keeping the banking system safe and sound, couldn’t really do this kind of analysis, according to former Fed officials. It might have asked banks for the data on their exposures to specific countries, but it couldn’t play out a chain of events very easily. What if the central bank wanted to know what would happen to United States banks if the euro fell 20 percent in a short period? The Fed didn’t have the tools.
Which brings us back to the exercise the Fed undertook last year. Two Fed officials ordered up the analysis: Daniel K. Tarullo, the board member who oversees matters of bank supervision, and Patrick Parkinson, the head of banking supervision, who is reported to have undergone a conversion from a Alan Greenspan antiregulation acolyte to a believer in strong oversight. Clinton D. Lively, a number-cruncher who recently left the New York Fed, was one of the officials who played a major role.
Now it does, thanks in part to the efforts of Mr. Lively and others. The assessment came with its own pitfalls. At time the Fed was gathering the data, a rumor started in markets that the Fed was worried about two Spanish banks. Some European banking supervisors became nervous about the Fed’s efforts and voiced those concerns.
Unfortunately, the biggest problem is whether the data truly reflects all the risks. That continues to be a matter of intense debate within the central bank. Given the complexity of the trading arrangements within the global financial system, it’s far from clear that the banks have a handle on their own exposures. As we learned in 2008, hedges that seemed solid on Monday disappear on Tuesday.
Nevertheless, it’s good to know that the Fed isn’t flying blind.
alexchia01 ( Date: 10-Aug-2011 15:55) Posted:
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