Tigerair Airbus A320
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 ...
Subscribe to Access this Entire Article
"Tigerair replaces CEO after heavy losses in FY2014" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.