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Tiger Airways CEO optimistic of turnaround after sluggish FY12

11 Dec 2012 22:27:54

biz.thestar.com.my

GEORGE TOWN: Tiger Airways Holdings Ltd is all set for a growth next year, following a sluggish fiscal year ended March 31, which saw the group registering losses.


Its chief executive officer, Koay Peng Yen, said the group was confident of growth as its subsidiary, Tiger Airways Singapore, posted strong results for the first six months to Sept 31 2012, compared with the previous year corresponding period.


"œTiger Airways Singapore's third quarter, which corresponds to the quarter of the 2012 calendar year, is expected to perform well also, due to the holidays," he told StarBiz.


Tiger Airways Group chief executive officer Koay Peng Yen

For the first six months, Tiger Airways Singapore posted an operating profit of S$8.6mil against a loss of S$4.5mil in the same period of 2011.


Read full story: biz.thestar.com.my

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