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hayne Heffernan of Ebeling Heffernan has issued a a strong buy today on Tiger Airways Holdings Limited (Tiger Airways), formerly Tiger Airways Holdings Pte. Ltd., is a Singapore-based holding company. The Company is engaged in airline and aircraft management. The Company focuses on creating a portfolio of routes throughout Asia and Australasia. The Company’s subsidiaries include Tiger Airways Singapore Pte. Ltd. and Tiger Airways Australia Pty Limited.
Currently trading at under $1.70 SD Shayne Heffernan has a short term target of $2.30 SD and a long term of $3.50.
Tiger Airways and Standard Chartered Bank (Stanchart) have inked 2 new financing deals for pre-delivery payments (PDPs) on 6 aircraft from Airbus and the purchase of 7 A320 aircraft, scheduled for delivery in December 2011. The bank is also appointed as lead arranger for Export Credit Agency-backed (ECA) finance for Tiger to buy 7 more Airbus 320s, expected to be delivered by January 2011. Bringing the number of aircraft owned by Tiger to 9, including 2 that were delivered in January and February this year. Tiger now has a fleet of 19 aircraft – and will have 68 by December 2015. Tiger’s controlling shareholders are Singapore Airlines (34.4%), Indigo Partners (15%), Ryanasia (11.2%) and Temasek Hldgs (7.7%). As an overview of the current situation this mix is good according to Shayne Heffernan.
The business model is based on that of other successful low-cost airlines, such as Europe’s Ryanair. The model involves scrutinising every single aspect of the business to remove non-essential costs without compromising passenger safety, security or punctuality.
The business model is designed to maintain simplicity, and a disciplined approach to executing this model has given them the ability to achieve one of the lowest operating costs for any start-up airline.
Their objective is to maximise profitability by developing a portfolio of routes with consistently high passenger load factors and carefully managing capacity. Tigers disciplined approach allows them to offer our passengers competitive low fares on a consistent and sustainable basis, while enabling Tiger to maintain a low cost base, thus improving profitability.
IN A further sign that passengers are returning to the skies, Sydney Airport has recorded double-digit increases in both domestic and international passenger numbers in February, its owner MAp Group says. Sydney Airport’s domestic passenger numbers rose 12.3 per cent in February compared with the prior orresponding period while the number of international travellers was up 11.8 per cent, MAp Group said yesterday.
The MAp chief executive, Kerrie Mather, said increased capacity from carriers Tiger Airways and Qantas subsidiary Jetstar contributed to the lift in passenger numbers. ”February traffic has also been positively impacted by recent capacity increases and the later timing of Chinese New Year compared with 2009,” Ms Mather said in a statement. Traffic from China rose 31 per cent in February compared with the same month a year ago. Passengers numbers from the US (up 20 per cent), France (up 18 percent) and New Zealand (up 15 per cent) also rose. The number of Australian passengers increased by 11 per cent.
MAp Group is the former Macquarie Group satellite fund that became a stand-alone entity in October last year after paying a one-off termination fee of $345 million. News of more passengers passing through Sydney Airport adds toannouncements from Australia’s two biggest carriers, Qantas and Virgin Blue, they will boost flights and lift capacity.
Qantas said in February it planned to use the bigger Boeing 747 aircraft instead of the A330 for selected flights between Sydney and Tokyo from July to ”meet increased demand”. Meanwhile, Virgin Blue said it would begin a daily service between Sydney and the central Australian tourist destination of Uluru from August. Cathay Pacific and United Airlines have also said they would add flights out of Sydney. Apart from its 74 per cent ownership of Sydney Airport, MAp also has a 30.8 per cent stake in Copenhagen Airport and 36 per cent holding of Brussels Airport.Traffic at Copenhagen increased 10.4 per cent in February compared with the prior corresponding period.
”All of our airports are benefiting from additional capacity,” Ms Mather said. MAp securities fell 3¢ to $3.05 yesterday. | 
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发表于 25-3-2010 03:37 PM
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发表于 6-6-2012 08:52 AM
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