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Six months suspension of cattles to Indonesia lifted after one month.
Same for Tiger Air suspension to 1st. August will be lifted after hearing on
22 July.
Cheers and happy weekend.
Tiger is a relatively small player in Australia—analysts estimate it accounts for 5% to 6% of the domestic travel market—it has had a powerful influence on ticket prices. If Tiger's exit from Australia happen , it could push ticket prices up about 15% .Most Australian who like cheap air travel wanted to see Tiger to continue operating in the country.
45% of revenue coming from Australia (total rev of last yr S$622M), each week of suspension incurs loss of S$2M.
Just s domestic flight ban not worldwide as I said. Price already drop after this news. Won't have much impact
Not good, the hearing for the application is fixed on 22 July 2011 and the suspension contiunes to be in force pending the hearing. If CASA is successful in the application, there is a very likely chance that the suspension could be suspended another one month from 22 July.
eurekaw ( Date: 09-Jul-2011 00:01) Posted:
CASA Suspension
The Civil Aviation Safety Authority of Australia (“CASA”) has applied to the Federal Court of
Australia to extend the suspension of Tiger Airways Australia Pty Limited’s (“Tiger Airways
Australia”) domestic services until 1 August 2011, pending the outcome of CASA’s
investigations. The hearing for the application has been fixed on 22 July 2011. Pending the
hearing, the suspension continues to be in force.
Tiger Airways Australia continues to work with the industry regulator and other authorities to
resolve the issues, and hopes to resume flights as soon as possible.
Ticket sales at Tiger Airways Australia have been suspended since 6 July 2011. Sales will
recommence once Tiger Airways Australia obtains more certainty on the outcome of CASA’s
investigations.
2. Clarification on Media Reports
The Company refers to the reports in the media that the Government of South Australia may
wish to claw back the A$2.25 million granted to Tiger Airways Australia to base aircraft in
South Australia.
The management of Tiger Airways Australia has advised the Board of Directors of the
Company that they have initiated discussions with the South Australian government. These
discussions are ongoing and have not yet reached a conclusion.
The Company also refers to various media articles referring to the cost impact of the
suspension and wishes to re-iterate that the cost impact of the suspension is estimated to be about S$2 million per week.
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I will take a short position once it breaks $0.99... If not there's still no clear direction where this cat is going...
CASA Suspension
The Civil Aviation Safety Authority of Australia (“CASA”) has applied to the Federal Court of
Australia to extend the suspension of Tiger Airways Australia Pty Limited’s (“Tiger Airways
Australia”) domestic services until 1 August 2011, pending the outcome of CASA’s
investigations. The hearing for the application has been fixed on 22 July 2011. Pending the
hearing, the suspension continues to be in force.
Tiger Airways Australia continues to work with the industry regulator and other authorities to
resolve the issues, and hopes to resume flights as soon as possible.
Ticket sales at Tiger Airways Australia have been suspended since 6 July 2011. Sales will
recommence once Tiger Airways Australia obtains more certainty on the outcome of CASA’s
investigations.
2. Clarification on Media Reports
The Company refers to the reports in the media that the Government of South Australia may
wish to claw back the A$2.25 million granted to Tiger Airways Australia to base aircraft in
South Australia.
The management of Tiger Airways Australia has advised the Board of Directors of the
Company that they have initiated discussions with the South Australian government. These
discussions are ongoing and have not yet reached a conclusion.
The Company also refers to various media articles referring to the cost impact of the
suspension and wishes to re-iterate that the cost impact of the suspension is estimated to be about S$2 million per week.
whether well supported at 1.04, next Mon/Tue will be clearer....
even the grounding is lifted by end of july, it will take a long time to repair the damaged reputation and recover the operations to recoup the losses, impact on FY11/12 earnings will be huge.... those who are vested must be prepared to lock in the cash-invested and tankuku lah...
agree, $1.04 is a good price. If SIA top management fully support Tiger,
we can expect bright future of this coy.
Well support at $1.04 Should rebound slowly and cross $1.25 once the grounding is lift by end of july or earlier.
Do vest and good luck
The Capital Group Companies Still keep 6 per cent" ...................Tiger Airways said
US fund manager The Capital Group Companies has unloaded around 11.1
million shares but did not give specific details, reason or the price.
The sale, between June 27 and July 4, effectively reduces its stake to 6 per cent from around 8 per cent........................."
derekchong ( Date: 08-Jul-2011 12:48) Posted:
The Capital Group Company sold the shares before the management reshuffles.
No latest news of selling anymore. |
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SINGAPORE : Tiger Airways will resume flights between Singapore and Bangalore in south India from October 31.
The service will launch with four flights a week - on Mondays, Wednesdays, Fridays and Sundays - and tickets go on sale on Friday, Tiger said in a statement.
The budget carrier had stopped flying to Bangalore last year.
Meanwhile, Qantas Airways said on Friday it has extended a special fare offer to customers of the Australian arm of Tiger Airways who cannot fly due to the grounding of Tiger's Australian unit until August 1.
The fares apply to Tiger passengers who had been booked to travel until July 31, Qantas said in a statement.
NO Action Talk Only(NATO) is CHEAP and EMPTY....we shall see :)
tankuku ( Date: 08-Jul-2011 13:44) Posted:
Great News: In the latest new report (bu channelnewsasia) : The new chief of Australia's grounded Tiger Airways said its Singapore parent was " absolutely committed" to the budget carrier and " everything necessary" would be done to get it flying again.Tony Davis said he was confident the airline would by the end of July overcome safety issues which saw it grounded.
The board of Tiger Airways is absolutely committed to the airline here in Australia," said Davis, until this week the president of parent group Tiger Airways Holdings.
" My appointment is a tangible demonstration of that commitment."
" We're committed to a long-term future and I think Australians want us to be here to ensure that there is competition in the air sector," he added.
In addition to CASA's investigation, Davis said Tiger was conducting a " comprehensive" internal review to satisfy itself that its services were " safe and viable" and ensure it had a clean slate.
" It's about a fresh start, it's about addressing that anything that needs to be addressed and it's about having a long-term, viable, safe airline here in Australia," he said.
Singapore Airlines holds 32.9 per cent equity stake in Tiger Airways Holdings, and it has said it has no plans to reduce its share following the Australia grounding.
Do vest and good luck.
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Great News: In the latest new report (bu channelnewsasia) : The new chief of Australia's grounded Tiger Airways said its Singapore parent was " absolutely committed" to the budget carrier and " everything necessary" would be done to get it flying again.Tony Davis said he was confident the airline would by the end of July overcome safety issues which saw it grounded.
The board of Tiger Airways is absolutely committed to the airline here in Australia," said Davis, until this week the president of parent group Tiger Airways Holdings.
" My appointment is a tangible demonstration of that commitment."
" We're committed to a long-term future and I think Australians want us to be here to ensure that there is competition in the air sector," he added.
In addition to CASA's investigation, Davis said Tiger was conducting a " comprehensive" internal review to satisfy itself that its services were " safe and viable" and ensure it had a clean slate.
" It's about a fresh start, it's about addressing that anything that needs to be addressed and it's about having a long-term, viable, safe airline here in Australia," he said.
Singapore Airlines holds 32.9 per cent equity stake in Tiger Airways Holdings, and it has said it has no plans to reduce its share following the Australia grounding.
Do vest and good luck.
The Capital Group Company sold the shares before the management reshuffles.
No latest news of selling anymore.
| Name of Announcer * | TIGER AIRWAYS HOLDINGS LIMITED |
| Company Registration No. | 200701866W |
| Announcement submitted on behalf of | TIGER AIRWAYS HOLDINGS LIMITED |
| Announcement is submitted with respect to * | TIGER AIRWAYS HOLDINGS LIMITED |
| Announcement is submitted by * | Angela Chan |
| Designation * | Company Secretary |
| Date & Time of Broadcast | 07-Jul-2011 18:17:27 |
| Announcement No. | 00099 |
| The details of the announcement start here ... |
| 1. | Date of notice to issuer * | 05-07-2011 |
| 2. | Name of Substantial Shareholder * | The Capital Group Companies, Inc. |
| 3. | Please tick one or more appropriate box(es): * |
| |
Notice of a Change in the Percentage Level of a Substantial
Shareholder's Interest or Cessation of Interest. [Please complete Part
III and IV]
|
| 1. | Date of change of [Select Option] | |
| 2. | Name of Registered Holder | |
| 3. | Circumstance(s) giving rise to the interest or change in interest | [Select Option] |
| | # Please specify details | |
| 4. | Information relating to shares held in the name of the Registered Holder |
| |
| No. of [Select Option] held before the change | |
| As a percentage of issued share capital | % |
| No. of N.A. which are subject of this notice | |
| As a percentage of issued share capital | % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received | |
| No. of N.A. held after the change | |
| As a percentage of issued share capital | % |
|
| 1. | Date of change of Interest | 04-07-2011 |
| 2. | The change in the percentage level | From 7.9696 %
To 5.9346 % |
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others |
| | # Please specify details |
|
Shares were disposed of through open market transactions at shareholder discretion.
|
|
| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
|
Share were disposed of through a series of transactions from 27/6/2011 through 04/7/2011.
|
|
| 1. | Holdings of Substantial Shareholder , including direct and deemed interest : |
 | Direct | Deemed |
| No. of shares held before the change | 0 | 43,442,000 |
| As a percentage of issued share capital | 0 % | 7.9696 % |
| No. of shares held after the change | 0 | 32,349,000 |
| As a percentage of issued share capital | 0 % | 5.9346 % |
| Footnotes |
The percentage in shareholding which is the subject of this notice is
calculated based on the issued share capital of 545,095,095 shares.
_________________________________________________
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.
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| Attachments |
Total size = 0
(2048K size limit recommended) | |
Had not heard of capital group selling recenting. But for sure SIA and Temasek is still holding tight to TigerAir - they want consider taking full control by buying up more of the share at the discounted price now.
Do vest for the mid-term and good luck
W H E N ?
WHICH prIce ?
WHAT vOlume ?
New123 ( Date: 07-Jul-2011 19:51) Posted:
| Capital group sold down their shares on Tiger .. Not so positive... |
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My broker had advice to buy and accumulate when it is low. It should move up once the grounding is lift by 31 July.
Good chance to profit when it move later in August.
Do vest and good luck
Whether to abandon or not.. It's up to the OZs verdict...
