AGL 38.40 Increased By ▲ 0.24 (0.63%)
AIRLINK 133.99 Decreased By ▼ -0.20 (-0.15%)
BOP 9.01 Increased By ▲ 0.16 (1.81%)
CNERGY 4.74 Increased By ▲ 0.05 (1.07%)
DCL 8.89 Increased By ▲ 0.22 (2.54%)
DFML 39.85 Increased By ▲ 0.07 (0.18%)
DGKC 85.24 Increased By ▲ 0.09 (0.11%)
FCCL 34.60 Decreased By ▼ -0.30 (-0.86%)
FFBL 75.74 Increased By ▲ 0.14 (0.19%)
FFL 12.76 Increased By ▲ 0.02 (0.16%)
HUBC 110.30 Increased By ▲ 0.85 (0.78%)
HUMNL 14.51 Increased By ▲ 0.41 (2.91%)
KEL 5.45 Increased By ▲ 0.05 (0.93%)
KOSM 8.09 Increased By ▲ 0.34 (4.39%)
MLCF 41.00 Decreased By ▼ -0.37 (-0.89%)
NBP 70.25 Increased By ▲ 0.55 (0.79%)
OGDC 193.00 Decreased By ▼ -0.62 (-0.32%)
PAEL 27.35 Increased By ▲ 1.14 (4.35%)
PIBTL 7.50 Increased By ▲ 0.08 (1.08%)
PPL 164.70 Increased By ▲ 0.85 (0.52%)
PRL 26.35 Decreased By ▼ -0.01 (-0.04%)
PTC 20.50 Increased By ▲ 1.03 (5.29%)
SEARL 88.50 Increased By ▲ 4.10 (4.86%)
TELE 7.88 Decreased By ▼ -0.11 (-1.38%)
TOMCL 35.20 Increased By ▲ 1.15 (3.38%)
TPLP 9.00 Increased By ▲ 0.28 (3.21%)
TREET 17.16 Decreased By ▼ -0.02 (-0.12%)
TRG 60.10 Decreased By ▼ -0.90 (-1.48%)
UNITY 31.25 Increased By ▲ 2.29 (7.91%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 10,791 Increased By 15.6 (0.15%)
BR30 32,449 Increased By 215 (0.67%)
KSE100 100,339 Increased By 256.3 (0.26%)
KSE30 31,184 Decreased By -9.1 (-0.03%)

Singapore budget airline Tiger Airways Holdings said Australian regulators' decision to halt its domestic operations there over safety concerns would cost it an estimated S$2 million ($1.6 million) a week.
Tiger's board also said it had directed Tony Davis, Group President and Chief Executive Officer of the Company, to focus on assisting Tiger Airways Australia to resume operations as soon as possible.
The Civil Aviation Safety Authority (CASA) said on Saturday it had grounded the carrier's entire domestic fleet of 10 Airbus A320 aircraft for a week after it failed to adequately respond to safety concerns first raised in March.
"The Board has appointed Mr. Chin Yau Seng as an additional Executive Director with effect from 4 July 2011. Mr. Chin will work with Mr. Davis in providing oversight of the rest of the company's interests," Tiger said in a statement. It is the first time a carrier's entire fleet has been grounded in Australia, CASA spokesman Peter Gibson said.
Tiger's domestic Australian flights are grounded until July 9, but flights to Singapore from Australia are not affected. It operates 14 Airbus A320 aircraft in Singapore, serving regional routes to other Southeast Asian countries, India and China.

Copyright Reuters, 2011

Comments

Comments are closed.