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Tiger Air declines after CEO, shareholders sell stock

August 19th, 2010 | No Comments

Tiger Airways Holdings, the discount carrier part-owned by Singapore Airlines, fell in Singapore trading after shareholders including Chief Executive Officer Tony Davis sold stock at a discount.

Tiger Air dropped as much as 3.5% and traded down 3% at $1.92 as of 10:37 a.m. in the city. Davis, Indigo Singapore Partners LP and Ryanasia sold about 65.8 million shares priced at $1.90 apiece to a “broad base of institutional investors” via a placement, the carrier said in a statement to the stock exchange today. The statement didn’t say how much each shareholder sold.

Tiger Air says substantial shareholders sell shares

August 19th, 2010 | No Comments

Tiger Airways Holdings, the discount carrier part-owned by Singapore Airlines, said Chief Executive Officer Tony Davis and two of its substantial shareholders sold the company’s stock. About 65.8 million shares priced at $1.90 apiece were sold to a “broad base of institutional investors” via a placement, the company said in a statement to the Singapore stock exchange. Tiger Air said it did not participate in the placement.

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Aug 17, 1859: U.S. Airmail Carried by Balloon

August 17th, 2010 | No Comments

1859: Mail is carried by air for the first time in the United States.
On a hot summer day as the temperature soared toward 91 degrees, John Wise stood at the town square in Lafayette, Indiana, waiting next to a balloon named Jupiter. Even for a balloon enthusiast and a well-known aeronaut, it was a big [...]

Aug 11: Banyan Tree, Cosco, Sembcorp, Tiger Air

August 11th, 2010 | No Comments

The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index dropped 0.4% to 2,984.29.

Palm-oil suppliers: Crude palm oil for October delivery dropped 2.2% yesterday in Kuala Lumpur. Indofood Agri Resources (IFAR SP), a unit of Indonesia’s biggest noodle maker, decreased 1.6% to $2.50. Wilmar International (WIL SP), the world’s largest palm-oil trader, lost 0.5% to $6.42.

Tiger Air reports 42% rise in passengers for July

August 10th, 2010 | No Comments

Tiger Airways says it reported strong passenger volumes and load factors in July 2010. The number of passengers in July grew 42% over last year to 523,000. The average load factor across both airlines in Asia and Australia for the month was up 4 percentage points to 89%.

From August 2009 to July 2010, a total of 5.4 million passengers flew with Tiger Airways, an increase of 51% over the 3.6 million passengers who booked in the preceding 12 months.

Russian wildfire smog disrupts air travel

August 9th, 2010 | No Comments

Officials in Moscow warn that delays and canceled flights could get worse and have an international impact as thick smog continues to engulf the capital. Frustration is growing among passengers as their travel plans are disrupted due to the choking smoke from countless wildfires erupting amid record summer temperatures.

Health warnings as wildfires choke Moscow

August 7th, 2010 | No Comments

Air pollution in Moscow has surged to up to five times normal levels as the Russian capital continues to suffocate under a cloud of acrid smoke from wildfires. Even indoors some are wearing face-masks as health officials told people not to venture out and to avoid physical exertion, so bad is the smog.

Tiger Air has record fall as forex loss hurts profit

August 6th, 2010 | No Comments

Tiger Airways Holdings, the discount carrier part-owned by Singapore Airlines, slumped by a record after foreign exchange losses damped profit in the first quarter.

The company fell as much as 7.1% to $2.08 and changed hands at $2.13 at 9:03 a.m. on the Singapore stock exchange. The stock had jumped 4.7% in the last two days.

Aug 6: NOL, StarHub, Tiger Air, Venture, Hyflux

August 6th, 2010 | No Comments

The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.2% to 3,006.76.

Hyflux (HYF SP): Singapore’s biggest water treatment services provider said second-quarter profit rose 5% to $27.3 million from a year earlier. Hyflux declined 2.2% to $3.13.

Tiger Air has 1Q profit on surge in travel: Update

August 5th, 2010 | No Comments

Tiger Airways Holdings, the budget carrier part-owned by Singapore Airlines, posted a first-quarter profit after it flew more passengers amid a rebound in air travel.

Net income totaled $1.9 million in the three months ended June, compared with a loss of $6.0 million a year earlier, the company said in a statement to the Singapore stock exchange today. Revenue increased 45% to $145.1 million in the quarter.

Tiger Air reverses loss with net profit of $1.9m for 1Q

August 5th, 2010 | No Comments

Tiger Airways Holdings says it posted group profit after tax of $1.9 million for the first quarter ended 30 June 2010 (1QFY2010/11), versus a loss of $6 million for the corresponding quarter a year earlier (1QFY2009/10).

The quarterly result was supported by revenue growth of 45.0% from $100.1 million to $145.1 million, resulting from a 39% increase in passenger numbers. Growth in passenger volume outstripped seat capacity growth of 36.9%, leading to a 1.3 percentage point improvement in load factor to 84.2%.

Tiger Air posts 1Q profit of $1.9m

August 5th, 2010 | No Comments

Tiger Airways Holdings, the budget carrier part-owned by Singapore Airlines, reported a first-quarter net income of $1.9 million, according to a statement sent to the Singapore stock exchange today.

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Thai Air considering buying stake in Tiger Airways, Sathit says

August 5th, 2010 | No Comments

Thai Airways International Pcl, the national carrier, is considering acquiring a stake in Tiger Airways Holdings after the two airlines agreed this week to jointly invest in a new budget carrier.

“The board sees that owning a stake in Tiger Airways Holdings will create the most benefit to the company,” Sathit Limpongpun, Thai Airways vice chairman, told reporters today in Bangkok.

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