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SINGAPORE Airlines (SIA) has come to the rescue of Tiger Airways again – this time with hard cash. The national carrier will be injecting up to S$140 million to plug the budget carrier's haemorrhage - PHOTO: SPH 18 Oct5:50 AM Singapore SINGAPORE Airlines (SIA) has come to the rescue of Tiger Airways again – this time with hard cash. The national carrier will be injecting up to S$140 million to plug the budget carrier's haemorrhage. The funds will be part of a proposed rights issue Tigerair announced on Friday to raise S$234 million. With its regional ambitions savaged by fierce competition, Tiger on Friday unveiled a staggering net loss of S$182.4 million for its fiscal second quarter ended Sept 30, 2014, compared with a net profit of S$23.8 million a year ago. It also proposed a rights issue of about 1.2 billion new shares priced at 20 Singapore cents each, a 38 per cent discount to its close of 32.5 cents a share on Thursday. SIA, which holds a 40 per cent stake in the company, said it will subscribe to its entitlement and excess rights shares, up to S$140 million. "Singapore Air is rescuing Tigerair," said K Ajith, a Singapore-based analyst at UOB Kay Hian. "With the conversion of securities and rights offering, there will be less risk to the balance sheet. I don't foresee Tigerair needing more funds after this." Prior to the rights issue, SIA will convert its 189.39 million perpetual convertible capital securities (PCCS) holdings into shares. The conversion will raise SIA's stake in Tigerair from 40 per cent to about 55 per cent, and possibly up to 71 per cent after the rights issue, assuming SIA is the only one to subscribe for its rights and convert its PCCS. SIA will not be making a general offer as Tigerair's minority shareholders had approved a whitewash resolution in March 2013 to waive their rights to receive a general offer as a result of the PCCS conversion. In another telling development, Tigerair said it was exiting Australia, barely months after it exited Indonesia and the Philippines. It will sell its remaining 40 per cent stake in loss-making Tigerair Australia to Virgin Australia for A$1 – Virgin paid A$35 million for its existing 60 per cent stake barely 14 months ago. The estimated net loss arising from the sale is S$60.1 million. "We need to now stem the losses arising from this joint venture and divert our resources back towards our Singapore-based airline in the execution of the turnaround plan," said Lee Lik Hsin, Tiger's chief executive since May and an SIA veteran for 20 years. Dubbed the "Sale of the Century" by some analysts, the move was largely expected given that Tigerair Australia has been suffering operating losses since it started its services in Australia in 2007. Its financial woes worsened after safety breaches grounded its entire fleet in Australia in 2011. Already, the group's plunge into the red for the second quarter ended Sept 30 included S$161.1 million in one-off accounting provisions, comprising S$59.8 million for the divestment of Tiger Australia and S$99.3 million related to the sublease of surplus aircraft which it was forced to sublet at a discount to address its over-capacity headaches. While analysts said it made sense for Tigerair to do a reset and focus on its Singapore carrier and its tie-up with Scoot - SIA's other no-frills, low-fare airline - many were surprised by the extent of the "value destruction". "Shareholders must ask SIA and Tigerair for an explanation. Who's running the show? Details are sorely lacking," said an analyst. Tigerair also needs to convince investors it still has a growth strategy, now that its regional wings have been clipped. "They need to address a strategy going forward because they have divested Australia, they are out of Indonesia, out of the Philippines, so what next now?" said Derrick Heng, analyst at Maybank-Kim Eng. "Are they going to stay as a standalone unit just in Singapore? That will put them at a disadvantage to other players like AirAsia, which is growing across the whole region." It is too early to say if SIA was throwing good money after bad. "On paper, all these make sense. Scoot and Tigerair have lots of synergies they can tap. But how the alliance will pen out, it is still a wait-and-see situation," said an analyst with a foreign bank. Tigerair shares fell almost 11 per cent to a record low of S$0.29 apiece before recovering to end Friday at S$0.31, down 4.6 per cent on the day and nearly 40 per cent so far this year. SIA, a unit of Temasek, was unchanged at S$9.65 a share. In Australia, local media reported that Virgin Australia signalled it plans to cut a bloated Tiger Australia fleet that has hobbled its own turnaround efforts. http://www.businesstimes.com.sg/companies-markets/sia-rescues-bleeding-tigerair-after-shock-s1824m-q2-loss

We flew to Hong Kong and back recently on Tiger Airways, budget carrier owned by Singapore Airlines. Based in Singapore, TigerAir operates a fleet of 25 aircraft (Airbus A320) to almost 40 destinations. This is the first time we are flying with Tigerair. Overall, the flight for 4 pax (2 adults and 2 kids) cost us SGD $530 in total including taxes, return. This is about USD 375 or US93.75 per person. The flight from SIN to HKG takes almost 4 hours and the return leg about 3.5 hours. Our departure was early morning, 0605hrs. In this video, I show you snippets of Singapore Changi Airport that morning. Changi Airport is a beautiful airport. Very proud of Changi. They take a lot of effort to make it beautiful. Changi Terminal 2, early morning. In the line to board the plane. This video shows you the flight itself. Pretty smooth. We ate breakfast before boarding the aircraft, so we did not purchase any food while on board. The flight would be quite long, almost 4 hours. So what we did was to bring pieces of bread for discreet consumption. Tigerair's policy is that they do not allow outside food but they don't really enforce. That said, I don't think we should abuse this by bringing onboard a lot of food (especially if they smell!). So we bought pieces of bread from Baker Talent and our own water. We consumed the bread shortly after take-off and after that we went to sleep. Most pax also slept since it was an early flight, 0605 hrs departure. We got up just before 4am and took a taxi to the airport. At my seat. Aisle seat towards the front of the plane. Legroom was decent for a Budget Airline. I could put my bagpack underneath in front of me and yet have enough space to stretch out my legs. Waiting for more passengers to board. Cockpit door not yet closed. I could see the pilots making preparations for the flight. This video shows you some footage post arrival at HK International. We were at a satellite terminal and we had to take an airport bus to the main terminal. It was a very bright and sunny day. From the aerobridge, here is a cool picture of the Tigerair Airbus A320 that flew us to HK this morning. Good flight! This was taken from the airport bus. Tigerair uses the satellite terminal. So we have to be bussed to the main terminal for immigration and customs clearance. Check out my video for the bus ride and walk.

http://forums.hardwarezone.com.sg/eat-drin...ar-3760506.html win liao this Tigerair... in the air already sommore Threaten to bring down a plane get warning. Paste some stickers get arrested. Peep at girl, get jail.