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August 28, 2015 11:42 AM ET

Airlines

Company Overview of Tiger Airways Australia Pty Ltd.

Company Overview

Tiger Airways Australia Pty Ltd. offers point-to-point air travel services to passengers. The company operates a fleet of Airbus A320 aircraft. The company was incorporated in 2007 and is based in Melbourne, Australia. As of July 8, 2013, Tiger Airways Australia Pty Ltd. operates as a subsidiary of Virgin Australia Holdings Limited.

Building 166

1-5 Grants Road

Melbourne Airport

Melbourne, VIC 3045

Australia

Founded in 2007

Phone:

61 3 9330 3188

Fax:

61 3 9330 3288

Key Executives for Tiger Airways Australia Pty Ltd.

Chief Executive Officer
Chief Financial Officer
Managing Director of Australian Operations
Age: 39
Chief Pilot
Compensation as of Fiscal Year 2015.

Tiger Airways Australia Pty Ltd. Key Developments

Tiger Airways Australia Pty Ltd. Announces Consolidated Earnings Results for the Period from October 17, 2014 to December 31, 2014 and Standalone Earnings Results for the Half Year Ended December 31, 2014

Tiger Airways Australia Pty Ltd. announced consolidated earnings results for the period from October 17, 2014 to December 31, 2014 and standalone earnings results for the half year ended December 31, 2015. For the period from October 17, 2014 to December 31, 2014, the company reported earned revenue of $75.5 million. statutory profit before tax of $1.5 million. For the half year, the company reported earned revenue of $205.5 million. Statutory loss before tax was $24.8 million.

Tiger Australia Announces Standalone Earnings and Operating Results for the Second Quarter Ended December 31, 2014

Tiger Australia announced standalone earnings and operating results for the second quarter ended December 31, 2014. For the quarter, on stand-alone basis, the company announced an underlying profit before tax of $0.5 million, an improvement on an underlying loss of $15.5 million in the prior corresponding period. This result was driven by both improved unit revenues and greater cost efficiencies and represents the first quarterly profit for the airline since December 2010. For the quarter, the company announced revenue passengers of 947,057 compared to 805,226 for the same period a year ago. Revenue passenger kilometres were 1,170,000 compared to 960,000 for the same period a year ago. Available seat kilometres were 1,353,000 compared to 1,112,000 for the same period a year ago. Revenue load factor was 86.5% compared to 86.3% for the same period a year ago.

Singapore Airlines Not Considering Full Acquisition Of Tiger Airways

Singapore Airlines Limited (SGX:C6L) does not intend to acquire Tiger Airways Australia Pty Ltd. fully. Singapore Airlines said in October 2014 that it would raise its stake in Tiger to about 55% from 40%. "At this time, a takeover offer is not under consideration," Goh Choon Phong, Chief Executive Officer, said.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 17, 2014
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