Singapore-based low-cost carrier (LCC) Tigerair Group is replacing its CEO Koay Peng Yen with ex-Singapore Airlines executive and Tigerair board member Lee Lik Hsin after continuing heavy losses in fiscal year 2014. Tigerair Group—comprising Tigerair Singapore, Tigerair Mandala and Tigerair Australia—posted a net loss of S$223 million ($177 million) for the year ended March 31, 2014, widened from a net loss of S$45 million for the same period in 2013. The Group reported an ...

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