The Star Online, 4 Mar 2013
Singapore’s Tiger Airways Holdings Ltd may be forced out of Indonesia, South-East Asia’s biggest domestic airline market, as its unprofitable joint venture is squeezed out of routes dominated by big-spending local carriers.
Tiger might sell or close Tigerair Mandala in the absence of any signs of the airline turning around this year, such as a significant reduction of losses, people familiar with the matter told Reuters.
Tiger has been streamlining its business to prevent a third straight year of loss, with its latest move being the January sale of Tigerair Philippines in a market where a sharp increase in available seats pushed down ticket prices. Full story