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#1 (permalink) | |
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Member
Join Date: Jul 2008
Member of: QFF, Velocity Silver
Posts: 239
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Tiger Airways Australia in Mega Trouble
From the SMH
Quote:
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#3 (permalink) |
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Junior Member
Join Date: Sep 2006
Location: Townsville, North Queensland
Member of: QFFGold, BMIDCGold SQKris HHon Aclub Hyattgold,
Posts: 41
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Re: Tiger Airways Australia in Mega Trouble
I would also assume that Tiger Australia set up costs would be included at least partly in these figures.
Then there is the new planes, and deposits for more, as well as the major initial marketing and sponsorships, much of which was signed for 3 years. The first 3 years of a new airline costs are always over the top, just think back to Virgin Blue's kick off. I would not be to concerned. I do believe they have prob taken a big hit on fuel costs though, but then again so has all the rest. |
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#4 (permalink) |
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Member
Join Date: Jul 2008
Member of: QFF, Velocity Silver
Posts: 239
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Re: Tiger Airways Australia in Mega Trouble
An Insider told me that they are so low on crews (not pilots though) that they need to cancel flights when crew call in sick. This actaully happend this morning. 4 flights were cancelled due to sick calls, and there is not enough cabin crew to cover the loss. Also told Cabin members are also leaving after just months from starting
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#5 (permalink) |
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Posting Enthusiast
Join Date: Mar 2005
Location: SYD, BNE and BKK
Member of: QF Platinum, PC Platinum, HH Silver
Posts: 10,997
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Re: Tiger Airways Australia in Mega Trouble
Not really surprising. Even with the backing of the Singapore government how much longer is Tiger likely to be around in Australia? Could be time to re-book those flights....
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#6 (permalink) |
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Senior Member
Join Date: Apr 2003
Location: SE Oz
Member of: Qantas, UA, BMI
Posts: 5,688
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Re: Tiger Airways Australia in Mega Trouble
They will be around for quite a while but not an indefinite period unless the balance sheet trends in the right direction.
__________________
cheers, Bill. Oz Fest #7 - Adelaide, South Australia - Memorial Day Weekend, May 28-30, 2010 _______________________________ QFF Gold (OW Sapphire,) 71.5% toward Lifetime Silver, UA Nothing, HHonors Gold, PC Platinum, Hertz Gold No 1, Ansett -- nothing any more! |
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#8 (permalink) | |
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Member
Join Date: May 2006
Posts: 322
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Re: Tiger Airways Australia in Mega Trouble
Quote:
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#9 (permalink) | |
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Junior Member
Join Date: Aug 2007
Location: Melbourne
Member of: QFF Gold, UA Prem., Skywards, SPG, MMarr
Posts: 92
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Re: Tiger Airways Australia in Mega Trouble
Quote:
I believe Emirates is soaking up a lot of the US pilots jumping from United / American and others to fill their demand for 1,000 new flight crew this year. And accomodation along E11 / Sheik Zayed Road (in Arabic: شارع الشيخ زايد) is still being built and needing to be filled!! |
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#10 (permalink) |
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Member
Join Date: Oct 2005
Location: live SYD, work in SYD & BNE
Member of: Velocity, Skypass
Posts: 298
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Re: Tiger Airways Australia in Mega Trouble
Where to begin? Let's start with the basic strategy.
While Temasek and SQ have very deep pockets and a long term horizon, the venture capitalists who they are in bed with do not - and have problems of their own (i.e. no cash) due to the Global Financial Crisis. So it will be interesting times in the Tiger boardroom when Tony Davis comes asking for more cash to keep the airline going - because with the recession we are going to have here and is already underway in Singapore they are going to need a lot of it. And the crews know it and are taking off for the security of other Australian airlines and the sandpit. It will be an admission of failure if Singapore Inc has to tip more money into Tiger and dilute its partners who refuse to follow suit. Interesting times. cheers CrazyDave98 |
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