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May 24, 2015 4:33 PM ET

Airlines

Company Overview of Tiger Airways Holdings Limited

Company Overview

Tiger Airways Holdings Limited is engaged in airline and aircraft management business in Singapore. It provides air transportation services to approximately 50 destinations across 14 countries in the Asia Pacific region. As of June 30, 2014, the company operated a fleet of 49 Airbus A320-family aircraft. Tiger Airways Holdings Limited was founded in 2004 and is based in Singapore.

No. 04-06/09 Honeywell Building

17 Changi Business Park Central 1

Singapore,  486073

Singapore

Founded in 2004

Phone:

65 6422 2200

Fax:

65 6422 2310

Key Executives for Tiger Airways Holdings Limited

Tiger Airways Holdings Limited does not have any Key Executives recorded.

Tiger Airways Holdings Limited Key Developments

Tiger Airways Holdings Limited Announces Operating Results for the Months of April and Year Ended April 2015

Tiger Airways Holdings Limited announced operating results for the months of April and year ended April 2015. For the month, the company reported booked passengers of 413,000 against 452,000 a year ago. Revenue passenger-km was 777 million against 830 million a year ago. Available seat-km was 942 million against 1,002 million a year ago. Passenger load factor was 82.5% against 82.8% a year ago. For the year, the company reported booked passengers of 5,101,000 against 5,141,000 a year ago. Revenue passenger-km was 9,643 million against 9,443 million a year ago. Available seat-km was 11,752 million against 12,068 million a year ago. Passenger load factor was 82.1% against 78.2% a year ago.

Tiger Airways Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2015

Tiger Airways announced consolidated earnings results for the fourth quarter and full year of 2015. For the quarter, net loss of SGD 18.82 million. Total revenue for edged up 5% to SGD 172.21 million, lifted by higher passenger seat revenue, while loss per share for the quarter came to 0.75 cents, versus a loss of 8.59 cents a year ago. Operating loss of SGD 2.27 million, way below the SGD 24.23 million seen a year ago. Loss before taxation was SGD 21.039 million against SGD 100.278 million a year ago. Loss for the period was SGD 18.822 million against SGD 95.507 million a year ago. Loss per diluted share was 0.75 cents against 8.59 cents a year ago. For the full-year, net loss to SGD 264.23 million. Total revenue was 9.2% lower at SGD 677.44 million. This is the third consecutive financial year that the group has recorded pre-tax losses. Loss before taxation was SGD 272.566 million against SGD 231.561 million a year ago. Loss for the period was SGD 264.233 million against SGD 222.991 million a year ago. Loss per diluted share was 17.71 cents against 20.07 cents a year ago.

Tiger Airways Holdings Limited Announces Re-designation of Directors

The Board of Directors of the Tiger Airways Holdings Limited announced that Ms. Chong Phit Lian and Mr. Lee Chong Kwee have each been re-designated from Independent Director to Non- Independent and Non-Executive Director of the company, with effect from the date of this announcement. They are now nominee Directors of Singapore Airlines Limited.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 17, 2014
Tiger Airways Australia Pty Ltd.
 

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