Tuesday, October 19, 2010

Tiger Airways

Tiger Airways: More body blows for the budget carrier following recent bad publicity over flight cancellations & pilot shortage. The launch of Thai Tiger Airways could be delayed by up to 2 months from its scheduled Mar 2011 takeoff. According to Bangkok Post, joint partners, Thai flag carrier, Thai Aiways & Tiger Airways require additional time to complete negotiations for the JV.

Thai Airways also faces possible legal opposition from the Transport Ministry on whether the creation of its 51:49 JV with Tiger Airways is legitimate. A breach of the $1.87 would take the stock on further descent to $1.80 level.

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