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Friday, May 20, 2011

Tiger halts growth

Tiger have halted their planned growth for the coming year due to their $7.1M loss in the financial year to 31 March.
The airline blamed the loss predominantly on the Queensland floods and cyclone, and said it would concentrate on expanding in Asia, where conditions are more buoyant.
Tiger have also had issues this year with on-time performance and they received a "show cause" notice from CASA

Read more about the Tiger announcement from Steve Creedy HERE
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