Tiger Airways Holdings
| Type | Public (SGX: J7X) |
|---|---|
| Industry | Airline |
| Founded | Singapore, 2007 |
| Headquarters | Singapore |
| Key people | Chin Yau Seng (CEO)[1] |
| Products | Tiger Airways Tiger Airways Australia |
| Website | www.tigerairways.com |
Tiger Airways Holdings Limitedis a Singapore-based holding company that owns and operates pan-Asian airline Tiger Airways, as well as the Australian domestic airline, Tiger Airways Australia.[2] The holding company was formed in 2007 to allow for easier management of the two subsidiaries, as well as any future expansion, without having to focus on operational issues, leaving those to the airlines themselves.
The group flew 2.25 million passengers in the year ended 31 March 2008, a 50% increase over the previous year. Revenue increased by 82% in the same period, although the company has not announced if this translates into any profits.[3] The company says that its Australian operations are generating positive cash flows without a need for cross-subsidies from its Singapore operations, but there are concerns that its "positive cash flows" may have taken into account forward bookings into the next fiscal year.[4]
Contents |
[edit] Companies
[edit] Subsidiaries
- Tiger Airways Singapore (100%)
- Tiger Airways Australia (100%)
[edit] Associated companies
- Mandala Airlines (33%)
- South East Asian Airlines (32.5%)[5]
[edit] Abandon Startups
- Incheon Tiger Airways (49%) never started up.
- Thai Tiger Airways[6] (39%) never started up.
[edit]
Tiger Airways is publicly listed on the Singapore Exchange since February 2010. The main shareholders in Tiger Airways Holdings as of July 2011, who hold more than 5% shares, are:[2]
- Singapore Airlines Limited (32.84%)
- Dahlia Investments Pte Ltd 7.37%
[edit] References
- ^ "Tiger Airways gets new CEO". Channel News Asia. http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1149762/1/.html. Retrieved 29 August 2011.
- ^ a b Tiger Airways - About Us retrieved 2011-08-29
- ^ Channelnewsasia.com
- ^ "Tiger on the jump in Australia – smh.com.au". The Sydney Morning Herald. 22 April 2008. http://business.smh.com.au/tiger-on-the-jump-in-australia/20080421-27n2.html.
- ^ http://www.flightglobal.com/articles/2011/02/24/353609/tiger-to-buy-32.5-stake-in-seair.html
- ^ "Singapore's Tiger, Thai Airways not going ahead with JV". Reuters. 7 December 2011. http://www.reuters.com/article/2011/12/07/tiger-thai-idUSL3E7N748W20111207.
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