Category: Tigerair Australia

Tigerair Australia’s revenue increased more than 70 per cent during the three months to 30 June, rising to $21.1 million. The result was in line with 68.9 per cent growth in passenger numbers and a marginal gain in yield. The gains helped to offset higher operating costs, resulting in a narrowing of the airline’s operating

Virgin Australia Holdings has concluded its 60 per cent acquisition of the newly re-branded Tigerair in what represents the final step in Virgin’s claim for greater market share across regional and domestic markets. The deal, which was announced on October 30 last year, will see Virgin Australia CEO John Borghetti become chairman of Tigerair to

Virgin Australia says finalisation of its acquisition of a 60 per cent stake in Tiger Airways Australia should be complete by mid-July, following approval of the deal by the Foreign Investment Review Board. “This confirmation satisfies another condition for the proposed acquisition of Tiger Australia, which will enable Virgin Australia to access the budget market

Tiger Airways Australia recorded a 10.8 per cent improvement in operating results during 2012/13, but still recorded an overall loss of S$69 million. The carrier’s revenue rose 60.4 per cent to S$247 million on a 57 per cent increase in passenger traffic. However, a rise in costs by some 37 per cent largely obviated the