FED:Tiger Airways seeks new CEO

AAP General News (Australia)
08-29-2011
FED:Tiger Airways seeks new CEO

MELBOURNE, Aug 29 AAP - Tiger Airways Australia is losing another CEO, with Tony Davis
leaving the airline and its Singapore-based parent company.

Mr Davis had been group president of Tiger Airways Holdings but took over as CEO of
the Australian airline in early July, a few days after it was grounded by Australia's
air safety regulator.

With the airline flying again, Tiger on Monday said Mr Davis would leave the group in November.

Tiger's acting boss Chin Yau Seng has been appointed CEO of the Singapore-based company,
effective November 1.

Mr Chin became acting CEO on July 6, with Mr Davis taking over the Australian operation
and leading the negotiations with the Civil Aviation Safety Authority (CASA) to have Tiger
flying again.

Tiger's former Australian CEO Crawford Rix left in July, after 13 months in the role,
when CASA extended the initial week-long grounding.

Mr Davis, who joined Tiger in January 2005, will finish as Australian CEO and as a
director of the parent company on November 1.

Mr Chin said the company had maintained that Mr Davis would stay on as Australian CEO
until the airline was able to resume services and was in a position to implement its recovery
plan.

"The recovery plan has now begun and reinforces the airline's commitment to safety
and operational excellence, which includes ensuring that its flights are reliable and
punctual," Mr Chin said in a statement.

A search is now underway for a new boss for the Australian operation.

The Tiger statement said Mr Davis was taking up a new position outside the company,
but did not say where he was heading.

"His decision to leave the company at this time supports his long-term plan to return
and reside in Europe," it said.

Tiger Airways Australia resumed flights on August 12, six weeks after being grounded
by CASA over safety concerns.

It has so far resumed services on three routes, between its home base of Melbourne
and Sydney, Brisbane and, from Wednesday, the Gold Coast.

Mr Chin is a former executive with Tiger's major shareholder Singapore Airlines, including
serving as CEO of its regional wing SilkAir.

Tiger last week announced plans to raise about $S158.6 million ($A123.7 million) to
fund its expansion.

Singapore Airlines has agreed to take up the rights issue, which would lift its stake
in Tiger from 32.8 per cent to 49.1 per cent.

AAP mn/ees/mp

KEYWORD: TIGER WRAP

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