Tiger Air: is adding another 2 aircraft, bringing its total fleet to 20 aircraft. The low-cost carrier will increase flights to Bangkok, Ho Chi Minh City, Tiruchirapalli, Guangzhou and Taipei. The expanded fleet will also allow Tiger to fly to new routes including Bangalore, Cebu and Davao.
The airline maintains its target to grow its total fleet to 68 aircraft by Dec 2015. Nevertheless, following the curtailment of its flights in Australia, and delays in expanding to other regional bases (in Thailand, Philippines), there have been concerns whether Tiger can effectively deploy the new deliveries going forward.
The majority of the Street has Sell ratings, with recent TP btwn $0.54 – 0.90.
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