Tiger Airways

Tiger Airways has been awarded S$4.7m in damages resulting from its breach of contract claim against Swissport Swissport. This is the full amount claimed by the airline for damages incurred as a result of Swissport’s premature termination of its ground handling agreement with Tiger Airways. Once received, this amount, plus costs awarded, will be recognized in the airline’s financial accounts. The stock trades at 12x and 4x FY11 (Mar YE) P/E and P/B respectively.