Category Archives: Tiger Airways (Singapore)

Tiger Airways Holdings swings to the red for the fourth quarter and the fiscal year

Tiger Airways Holdings Ltd (Tigerair) (Singapore) reported an operating loss of $24.2 million (all amounts in Singapore dollars) for the fiscal fourth quarter ended 31 March 31, 2014, compared to an operating profit of $12.7 million recorded in the previous corresponding quarter.

Total revenue declined by 32.7% to $161.9 million in the fourth quarter, while total expenses fell 18.3% to $186.1 million year-on-year, mainly due to the exclusion of Tigerair Australia from the Group’s results, as the airline ceased to be a subsidiary from July 8, 2013.

Loss after tax of $95.5 million for the fourth quarter was largely attributed to $52.4 million in exceptional charges and $21.5 million in share of losses of associate and joint venture. Exceptional charges comprised a $25.0 million provision for a planned grounding of eight aircraft and a $27.4 million impairment of associate, while the share of losses of associate and joint venture included an $11.9 million provision relating to Tigerair Mandala. These exceptional charges and provisions, which amounted to $64.3 million, demonstrate the Group’s resolve to re-set its strategy and consolidate its capacity.

For the full fiscal year ended March 31, 2014, the Group recorded an operating loss of $52.0 million compared to an operating profit of $7.3 million year-on-year. Group loss after tax widened to $223.0 million, compared to the previous year’s loss after tax of $45.4 million.

Operations Review (fourth quarter)

Despite an increase in traffic volume (+13.4%), Tigerair Singapore’s revenue for 4Q declined by 4.5% to $159.0 million, as yield fell 16.3% and load factor dropped 9.1 percentage points to 75.1%. Unit cost rose by 2.2% as the increase in expenses (+29.9%) outpaced capacity growth (+27.1%). Consequently, Tigerair Singapore recorded an operating loss of $29.4 million for the quarter compared to an operating profit of $21.5 million a year ago.

The company warned of a bleak outlook and was re-assessing its investment in Tigerair Mandala, the group’s Indonesian venture according to Reuters.

Read the full report from Reuters: CLICK HERE

Top Copyright Photo: Olivier Gregoire/AirlinersGallery.com. The pictured Airbus A320-232 F-WWDS (msn 4973) became 9V-TRE on delivery.

Image Below: Tigerair. Tigerair in March 2014 signed an Airbus deal to bring 37 new fuel-efficient A320neo aircraft from 2018 onwards. The new aircraft will be powered by a Pratt & Whitney 1100G-JM engine and equipped with large Sharklet wing tips, these new-generation aircraft deliver 15% greater fuel efficiency than the current A320ceos.

Tigerair Did You Know?

Tigerair (Singapore): AG Slide Show

Tigerair signs MOU for 37 Airbus A320neo aircraft + 13 options

Tigerair A320neo WL (13)(Flt)(Airbus)(LRW)

Tigerair (Singapore) has signed a Memorandum of Understanding (MOU) with Airbus for the purchase of up to 50 A320neo aircraft for future fleet renewal and growth. The deal covers 37 firm orders plus 13 options. The aircraft will be powered by Pratt & Whitney PW1100 engines and will be operated by the airline across its Asia-Pacific route network.

Tigerair, established in 2004 as Tiger Airways, comprises three airlines – Tigerair Singapore, Tigerair Mandala (Indonesia) and Tigerair Australia. Collectively, the Group’s network extends to over 50 destinations across 14 countries in the Asia-Pacific region. The Group currently operates an all-Airbus fleet of 48 A320-family aircraft, averaging less than three years of age.
Image: Airbus.
Tigerair (Singapore): AG Slide Show

Cebu Pacific is interested in buying Tigerair Philippines

Cebu Pacific Air (Cebu Air, Inc) (Manila) has started negotiations to possibly acquire rival Tigerair Philippines (formerly SEAIR) (Manila and Clark) according to the Philippine Daily Inquirer. If the two parties can reach agreement, the acquisition would need to pass several regulatory hurdles including the Philippines CAB.

Tigerair Philippines was formed when Tigerair (Tiger Airways) of Singapore acquired 40 percent of SEAIR (formerly Asian Wings) and renamed the airline.

Read the full story: CLICK HERE

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Cebu Pacific Air’s (Cebu Pacific Air.com) Airbus A320-214 RP-C3273 (msn 5498) with Sharklets approaches Bangkok (Suvarnabhumi) for landing.

Cebu Pacific Air: AG Slide Show

SEAIR: AG Slide Show

Bottom Copyright Photo: Kok Chwee K.C. Sim/AirlinersGallery.com. Airbus A320-232 RP-C6319 (msn 5188) with “It’s more fun in the Philippines” lands in Singapore.

Tigerair logo

The complete Tigerair Route Map including Tigerair Philippines:

Tigerair 1.2014 Route Map

Tiger Airways rolls out its new Tigerair livery

Tigerair A320-200 (13)(Roll Out)(LR)

Tiger Airways (Singapore) has been rebranded as Tigerair and modified its color scheme. The first Airbus A320 has been modified.

The airline issued this statement:

Over the years as we expanded, we found that people travel to explore new destinations, to escape from their busy day-to-day lives or to connect and bond with family and friends. We recognized how much emotions and memories play a role in travel. Our refreshed brand represents this.

We embrace the simple belief that travel is about enabling great experiences and memories. Affordable air fares empower people to pursue their dreams which lead to relaxation, joy and great new experiences.

We aspire to be the leading airline and travel partner connecting people across Asia Pacific and our new brand reflects this aspiration.

Tigerair logo

Our new logo is simplified to depict the personality of the new Tigerair brand — warm, passionate and genuine.

The rounded fonts depict friendliness while the two dots, the first in grey and the second in orange, symbolises Tigerair’s role in connecting our customers from one point to another. The different coloured dots also depict a friendly wink.

The orange semi-circle acts as a subtle reference to a tiger’s tail, as well as a smile, representative of the passion and commitment in everything we do.

All photos and images: Tigerair.

Tiger Airways (Singapore): AG Slide Show

 

Tiger Airways will offer nonstop Hong Kong-Jakarta flights starting on July 25

Tiger Airways (Singapore) will start nonstop flights between Hong Kong and Jakarta on July 25. Tiger Airways will fly to the capital of Indonesia four times weekly on Monday, Tuesday, Thursday and Saturday, with an increase to daily flights from September onwards.

Tiger Airways has been rapidly expanding its network in Indonesia this year. Domestically within Indonesia, the airline flies between Jakarta and key cities including Bali (Denpasar), Medan, Surabaya, Padang, Pekanbaru and Yogyakarta.

Top Copyright Photo: Jens Polster/AirlinersGallery.com All others from Tiger Airways). Airbus A319-132 9V-TRB (msn 3801) prepares to land at Bangkok.

Tiger Airways (Singapore): AG Slide Show

Tiger Airways FAs (Tiger Airways)(LR)

Tiger Airways SIN T5 Ad (Tiger)(LR)

Route Map:

Tiger Airways 5:2013 Route Map (Tiger)(LR)

Tiger Airways finalizes its 40% acquisition of SEAir

Tiger Airways (Tiger Airways Holdings Limited) on June 4 finalized the sale and purchase agreement to acquire a 40% stake in South East Asian Airlines (SEAir), Inc. This stake will be acquired from existing foreign shareholders at $7 million (US), less liabilities to be confirmed in a due diligence review. The investment will be held through Tiger’s wholly owned subsidiary, Roar Aviation II Pte. Ltd.

The investment in SEAir is Tiger’s second such joint venture in Asia. Tiger acquired a 33% stake in
Mandala Airlines (Jakarta) of Indonesia in January 2012.

SEAir currently operates two Airbus A319 aircraft leased from Tiger Airways under the Tiger Partner Airline
program. In addition, there are plans to expand the fleet to five aircraft within this financial year with the addition of three A320 aircraft.

SEAir will be introducing new routes to its network. The airline will adopt Tiger’s business model. This includes offering attractive fares to international and domestic destinations within a five-hour flying radius from the Philippines.

Copyright Photo: Jay Selman.

SEAir: 

Tiger Airways (Singapore): 

SEAir Domestic Route Map:

Please click on the map to expand.

SEAir International Route Map:

Please click on the map to expand.

Mandala Airlines to relaunch operations in April as Tiger Airways Indonesia

Mandala Airlines (Jakarta) reactivated its AOC last month after Tiger Airways (Singapore) completed its acquisition of the 33 percent of the stock in January. Tiger has already leased Mandala two Airbus A320s. Operations will restart as Tiger Airways Indonesia in April 2012 according to this report by Reuters.

Mandala suspended operations on January 13, 2011.

Read the full report: CLICK HERE

Copyright Photo: John Adlard. The colorful Mandala name and brand will be retired.