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            [post_content] => A Tiger Airways plane takes off from the I Gusti Ngurah Rai international airport in Bali on Thursday (12/01). The Ministry of Transport has recently suspended the airline's Bali-Australia route for breaching procedures. (Antara Photo/Yusuf Fikri)
            [post_title] => Grounded
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            [post_date_gmt] => 2017-01-13 11:38:36
            [post_date] => 2017-01-13 18:38:36
            [post_name] => grounded-5
            [author] => Yudhi Sukma Wijaya
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            [post_content] => Jakarta. The Directorate General of Civil Aviation has announced that all foreign airlines operating in Indonesia must comply with the country's aviation safety regulations.

"All foreign airlines must comply with these rules, we will also provide tougher enforcement," Agoes Soebagio, the directorate's head of cooperation and public relations, said in a statement on Wednesday (11/01).

Sanctions will be imposed on all airlines that violate the regulations.

The statement was released after a number of chartered flights operated by Tiger Airways Australia were suspended earlier today in Denpasar, Bali.

The airline, which operates flights to Denpasar from Melbourne, Perth and Adelaide, breached the rules by selling one-way tickets, which is not allowed for chartered flights.

Since the airline has a charter agreement with Virgin Australia International Airlines, it was not permitted to sell tickets at all, as only Virgin Australia could do it.

The flights have been canceled until further notice.
            [post_title] => Tiger Airways Australia Flights Suspended by Bali Civil Aviation Authority
            [post_excerpt] => The Directorate General of Civil Aviation has announced that all foreign airlines operating in Indonesia must comply with the country's aviation safety regulations.
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            [post_name] => tiger-airways-australia-flights-suspended-bali-civil-aviation-authority
            [author] => Ratri M. Siniwi
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            [post_content] => Singapore Airlines Ltd's low-cost carrier division aims to grow by increasing its number of nonstop flights to Europe, a senior executive said, hoping to attract budget-conscious travelers to popular long-haul routes.

Budget Aviation Holdings also aims to raise the proportion of connected flights between its short-haul Tiger Airways and medium-to-long-haul Scoot brands from a single-digit percentage, its chief executive, Lee Lik Hsin, told Reuters on Wednesday (17/08).

"We do expect this (connectivity) to grow, and when I say grow I actually mean multiple fold," Lee said. "The ingredients for being able to operate to Europe, we think we now have them - aircraft and connectivity."

Budget Aviation was created this year after parent Singapore Airlines took Tiger private and paired it with Scoot.

Scoot announced its first Europe-bound flight on Tuesday. Regular flights between Singapore and Athens begin next year, bringing Scoot into competition with full-service Gulf carriers which have been increasing market share on Asia-Europe routes.

Lee said he aimed to add more European routes, but did not elaborate on destinations or time frame.

Airlines have been benefiting from a drop in oil prices as well as a travel boom in Southeast Asia which has spurred many regional carriers to order several hundred aircraft from Airbus Group SE and Boeing Co.

"There is room for growth," Lee said. "The overall travel market will continue to grow and the overall budget travel market will continue to grow."

Budget Aviation has nine Boeing 787 planes on order for Scoot, and 39 new-generation Airbus A320s for Tiger. Lee said his firm would for now continue to use only those two types of aircraft.

Scoot and Tiger operate under separate licences but share an organisational structure for some functions and cost-saving via economies of scale.

Bringing the two under the same brand or licence would involve regulatory, commercial and other considerations, of which an internal review would be necessary before making any commitment to change, Lee said.

"Of course, we will not exclude any possibilities," he said.

Reuters
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            [post_date] => 2016-08-17 16:00:30
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            [user_author] => Sylviana Hamdani
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            [post_content] => Singapore. Singapore Airlines (SIA) has launched an offer to buy all the shares of Tiger Airways that it does not already own in a deal that values the budget carrier at about S$1.02 billion ($725.46 million).

SIA said it intended to privatize the carrier as it "lacks the scale and network" to effectively compete with the likes of Malaysia's AirAsia, Qantas's Jetstar unit, Indonesia's Lion Air and Philippine airline Cebu Pacific.

SIA is offering S$0.41 a share in cash for the 44.2 percent of Tiger Airways it does not already own, as well as an option to subscribe for SIA shares at S$11.10 per share.

The shares closed at S$0.31 on Thursday, while Singapore Airlines closed at S$11.15. Trading in shares of both companies was halted ahead of the announcement.

Tiger would benefit from being fully integrated into the group which includes long-haul, low-cost carrier Scoot and full-service regional airline SilkAir, SIA said.

Scoot and Tiger have been working together in some aspects of their network and marketing activities over the last year, and SIA hinted that its low-fare units would be more closely integrated in future.

"Tiger Airways' success is closely linked to it being part of the SIA Group through our portfolio strategy, in which we have investments in both the full-service and low-cost aspects of the business," SIA CEO Goh Choon Phong said in a statement.

Tiger operates Airbus A320s and was set up by SIA and Singapore's national investment firm, Temasek Holdings, in 2004.

In recent years, amid intense competition and huge losses, it has pulled out of its joint ventures in Australia, the Philippines and Indonesia to concentrated on the Singapore market.

SIA became its majority share-holder in December 2014 after a rights issue.

Reuters
            [post_title] => Singapore Airlines Offers to Buy Rest of Tiger Airways
            [post_excerpt] => Singapore Airlines (SIA) has launched an offer to buy all the shares of Tiger Airways that it does not already own in a deal that values the budget carrier at about S$1.02 billion ($725.46 million).
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            [post_date_gmt] => 2015-11-06 05:37:11
            [post_date] => 2015-11-06 12:37:11
            [post_name] => singapore-airlines-offers-buy-rest-tiger-airways
            [author] => Aradhana Aravindan & Siva Govindasamy
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            [user_author] => Dion Bisara
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            [post_content] => [caption id="attachment_333945" align="alignright" width="300"]A sign for Tiger Airways Holdings Ltd. is displayed at the Budget Terminal of Changi Airport, in Singapore. (Bloomberg Photo/Charles Pertwee) A sign for Tiger Airways Holdings Ltd. is displayed at the Budget Terminal of Changi Airport, in Singapore. (Bloomberg Photo/Charles Pertwee)[/caption]

Singapore. Singapore’s Tiger Airways has agreed to sublease 12 surplus aircraft to Indian budget airline IndiGo as part of a plan to cut capacity and trim costs in the face of stiff competition in Southeast Asia.

In a statement late on Thursday, loss-making Tiger, which is 40 percent-owned by Singapore Airlines, said it would make a one-off accounting provision of S$93 million ($73 million) related to the aircraft.

Tiger said it was also considering various funding options, including the possibility of a rights issue.

“Given the current over capacity situation in the industry, the 12 aircraft will be subleased at a discount to their original lease rates,” the airline said.

“However, compared to the idling of these 12 aircraft, this sublease agreement will significantly reduce the group’s cash flow burden by about S$162 million over the sublease periods.”

Most of these planes were previously operated by Tiger’s loss-making Philippine and Indonesian ventures and were returned to the group after Tiger sold its Philippine business to Cebu Pacific and shut its Indonesian operations.

Reuters
            [post_title] => Tiger Airways Sublets Planes To IndiGo
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            [post_date] => 2014-10-10 19:13:31
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            [author] => Anshuman Daga
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            [post_content] => [caption id="attachment_256289" align="alignright" width="300"]Cutting Losses - A source claims flailing Tiger Airways want to let go of its Indonesian subsidiary (JG Photo/Jurnasyanto Sukarno) Cutting Losses - A source claims flailing Tiger Airways want to let go of its Indonesian subsidiary (JG Photo/Jurnasyanto Sukarno)[/caption]

Jakarta. Tiger Airways and Saratoga Capital may sell their entire stake in Tigerair Mandala, an Indonesian budget carrier, to AirAsia, the continent’s biggest budget carrier, a source said on Wednesday.

Singapore-based Tiger Airways has a 33 percent stake in Tigerair Mandala, while Saratoga Capital, a private equity firm controlled by Indonesian tycoons Edwin Soeryadjaya and Sandiaga Uno, holds 51.3 percent of the airline. The rest is held by creditors.

The possible acquisition by Malaysian tycoon Tony Fernandes’ AirAsia underscores the difficulties and stiff competition in the low-cost carrier business in the region, analysts said.

“The Singaporean investor [Tiger Airways] really wants to cut their losses,” the source told the Jakarta Globe, speaking on condition of anonymity. “They’re taking big losses in their operation in Singapore, so they can’t afford to sustain the Indonesian operation any more.”

The source added that Saratoga was also souring on the aviation business.

“Neither of them [stakeholders] wants to own Tigerair Mandala after July 1,” the source said, identifying three potential buyers: AirAsia; Citilink, the budget carrier of state-owned Garuda Indonesia; and a non-airline investor.

AirAsia and Citilink are the strongest candidates, but the former appears to be in the best position to win, the source said.

Tigerair Mandala has been coping with higher operating costs due to the depreciating rupiah and rising aviation fuel prices since last year.

Since February it has officially suspended nine routes, which made up around 40 percent of its network.

Reuters reported in March that Tiger Airways may sell or close its Indonesian venture unless its business performance improves.

Djoko Murdjatmodjo, the director of air transport at the Transportation Ministry, confirmed that there were potential investors interested in bidding for Tigerair Mandala.

“The airline has reported [to the government] that there are some potential investors. They’re now processing it. I haven’t received any updates,” Djoko told the Globe.

M. Thoriq Syarief Husein, the senior communications executive at Tigerair Mandala, would neither confirm nor deny the speculation of a sale to AirAsia.

Sandiaga declined to comment, as did Ridzki Kramadibrata, the chief operating officer at Indonesia AirAsia, the local unit of Malaysia-based AirAsia Group.

In Indonesia, AirAsia operates 30 Airbus aircraft as of the end of last year. It flies 38 domestic routes and 58 international ones from Indonesia.

Tigerair Mandala serves seven domestic and four international destinations, including Singapore, Bangkok and Hong Kong.

Tiger Airways, which is partly owned by Singapore Airlines, has long struggled with unprofitability amid the cutthroat market for low-cost airlines in Southeast Asia, dominated by AirAsia and Indonesia’s Lion Air.

Tiger Airways has reportedly been grounding planes, canceling aircraft orders and reviewing investment in Indonesia after exiting the Philippine market earlier this year.
It has also ground five of Tigerair Mandala’s nine brand-new Airbus A320s and returned five aircraft previously operated by Tigerair Philippines.

Tiger Airway’s losses soared in the fiscal year ending March 31, in which it reported a net loss of S$233 million ($177 million), up from S$45 million the previous year.

The airline also has named a new chief executive after six consecutive quarters of losses.

Tigerair Mandala has a long presence in Indonesia, operating since 1969, and has gone through several major rebranding efforts after being salvaged from financial collapse by the current investors.

Mandala, as it was known then, grounded its operations in 2011 after the government suspended its permits due to debts amounting to Rp 2.45 trillion, or $205.8 million. Tiger Airways and Saratoga bought the airline later that year and rebranded it Tigerair Mandala in July last year.

The airline has since struggled to face stiff competition from rivals with much larger fleets and networks, including Lion Air, the biggest low-cost carrier in Indonesia, AirAsia and Citilink.
            [post_title] => AirAsia, Citilink in Mandala Bids
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            [post_content] => Singapore. Tiger Airways Holdings (TGR), the unprofitable low-fare carrier part-owned by Singapore Airlines (SIA), fell the most in more than four months after saying it’s considering a fundraising plan to improve liquidity.

The stock dropped as much as 8.5 percent, the biggest intraday drop since Jan. 24, and traded at 49 Singapore cents as of 10:30 a.m. in the city. The shares jumped 18 percent on May 30.

Tiger Air is grounding planes, canceling aircraft orders and is reviewing its investment in a venture in Indonesia after six consecutive quarters of losses led largest shareholder Singapore Air to name a new chief executive officer for the low-fare airline. The restructuring efforts are symptomatic of the challanges budget airlines face in Southeast Asia, where competition among half a dozen carriers has pushed fares down.

The airline needs to “retreat from its failed international expansion which they seem to be doing and they obviously have too many planes,” said Timothy Ross, Singapore-based transportation analyst at Credit Suisse Group AG. “I don’t think they require an immediate funding assistance. Tiger benefits from the broader group. With SIA, you have scale behind you.”

The company is in preliminary stages of discussions on its fundraising proposal, Tiger Air said in a statement to the Singapore stock exchange. The airline is “aware of rumors” of possible “corporate action” by Singapore Air, the carrier said, without elaborating. The statement was in response to a stock exchange query after the May 30 stock jump.

New CEO

Tiger Air, which named Lee Lik Hsin as its new chief executive last month, isn’t aware of any other possible explanation for the trading, it said in the statement.

While the Asia-Pacific region remains the most promising for travel growth, with a third of Airbus Group NV (AIR) and Boeing (BA) orders, a five-year jet-buying frenzy may give way to a more sober approach as carriers adjust to the challenges of intense competition and inadequate infrastructure.

Economic growth in the region has enabled more people to fly for the first time, prompting start-up budget carriers to start and order hundreds of aircraft. Singapore Air itself has set up two budget airlines — Tiger Air and Scoot Pte. Singapore Air owns 40 percent of Tiger Air and all of Scoot. Low-fare airlines account for more than 50 percent of seats in the city.

Tony Fernandes, the chief executive officer of Asia’s biggest budget carrier AirAsia (AIRA), said in February he’s ready to take a “back seat,” by deferring deliveries of seven planes this year and 12 next year. The Sepang, Malaysia-based carrier is due to start an airline in Indiathis month.

Tiger Air exited the Philippine market earlier this year and is already cutting back at its discount venture in Indonesia.

“The first step right now is for Tiger Air to exit Indonesia,” said K. Ajith, an analyst at UOB Kay Hian Pte in Singapore. “That’s the priority.”

Bloomberg


 
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            [post_excerpt] => Tiger Airways Holdings (TGR), the unprofitable low-fare carrier part-owned by Singapore Airlines (SIA), fell the most in more than four months after saying it’s considering a fundraising plan to improve liquidity.
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            [post_content] => Private low-cost carrier Mandala Airlines is rebranding itself and changing its name to Tigerair Mandala, the company’s president director announced in Jakarta on Wednesday.

“We are proud to keep the Mandala name, but we also wan to promote various aspects of the Tigerair Group. In this rebranding process, our official company name will remain Mandala Airlines, but our brand name will become Tigerair Mandala,” president director Paul Rombeek said.

Originally called Tiger Airways, the company recently adopted its new one-word name.

“Mandala is well-known in Indonesia, and Tigerair has a strong international image,” he said.

The company adopted a new logo featuring a gray circle accentuated by an orange stroke which is meant to resemble a smiley face.

Lucas Suryanata, the public relations manager for Tigerair Mandala, said that the transition would take place gradually.

“Changes will happen slowly but clearly,” he said.

He said that other airlines under the Tigerair umbrella will undergo a rebranding, as well. Tiger Airways will now be known as Tigerair, while Tiger Australia will be called Tigerair Australia and SEAIR will be renamed Tigerair Philippines.

Tigerair Mandala is jointly owned by the Saratoga Group and the Tigerair Group.

The airline will also introduce new international routes to Hong Kong, China and Bangkok.

“On July 24, we will open a Jakarta to Hong Kong route. We will introduce a Surabaya to Bangkok route on August 2,” Lucas said.

Tigerair Mandala will also increase its service from Jakarta to Surabaya starting August 2.

Rombeek said that the airline is still aiming to open new “virgin” domestic routes, as well.

Tigerair Mandala currently offers domestic flights to Jakarta, Medan, Padang, Pekanbaru, Yogyakarta, Surabaya and Denpasar, as well as three international routes to Singapore, Kuala Lumpur and Bangkok.
            [post_title] => Mandala Airlines Rebranded as Tigerair Mandala
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            [post_content] => Australia’s foreign investments regulator on Tuesday approved Virgin’s purchase of a 60 percent stake in low-cost rival Tiger Airways, clearing the deal’s last major hurdle.

Virgin told the Australian Securities Exchange that the Foreign Investment Review Board had green-lighted the acquisition, paving the way for a partnership set to boost its rivalry with major carrier Qantas.

“This confirmation satisfies another condition for the proposed acquisition of Tiger Australia, which will enable Virgin Australia to access the budget market segment and expedite the growth of Tiger Australia,” Virgin said in a statement.

It said the tie-up “still remains subject to certain conditions” and Virgin expected the transaction to be complete by mid-July.

Australia’s competition watchdog gave the deal the all-clear last month, ruling that it was unlikely to lead to a substantial decrease in competition. Had it not gone ahead, it said Tiger would likely have exited the market.

Tiger Airways Australia, the loss-making local subsidiary of Singapore’s Tiger Airways, has a history of poor financial and operational performance.

It was grounded by Australia’s air safety regulator for six weeks in 2011 in an unprecedented move over concerns about pilot proficiency, training and fatigue management.

Tiger Australia launched in November 2007 and services 16 domestic routes with 11 aircraft.

Agence France-Presse
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