TIGER Airways Australia lost more than $50 million in its first full financial year of operations, dragging its parent company into the red after wiping out a small operating profit from the Singaporean operation.Tiger Aviation posted a net loss of $S51m ($40m) in the year to March 31 compared with a $9.8m profit the previous year and its cash reserves slumped from $S33.4m to $S13.2m.
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