Tiger Airways is a low cost airline operating in SE Asia and Australia.
The stock has taken a severe beating as CASA has landed its sustralia operations due to security concerns.
Market and analysts have been speculating that Tiger might have to exit Australia.
Aug first week, the decision will be know. I am of the view that Tiger will resume service in the first week of August.
The company recently put out a news release stating it expects to start service in Aug. The CEO has bought some shares recently, showing the the negotiating with CASA is moving the right direction. Tiger also just announced hiring of a ex Quantas professional as head of safety.
All these make be believe that Tiger should be able to restart Australia operations in August. That should get bids back into the stock.
This is quick trade, I plan to exit by mid or end Aug.
Tiger is trading at SGD 1 right now, expect it to move close to SGD 1.2 if the Australia operations restart.
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