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Posted: 22 Aug 2010 | 3:43 pm
Hot on the heels of its planned forward with Thai Airways international for a new start budget airline Tiger Airways has found itself in the 'please explain' chair.
Last week saw Tiger shares drop back of discounted trades by CEO Tony Davis, Ryanasia (Ryanair founders) and Indigo partners.
Market analysts are saying indications in the market are current trading prices have valuation issues and this is a natural adjustment.
As for the ongoing Thai Airways venture, certainly capital values by the new partners look to take an interesting tone.
One could speculate that a chuckle could be heard all the way from AirAsia HQ in Kuala Lumpur.
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SHANG 30.500 -4.69 %
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