Tiger Airways Australia grounded; potential blow to the low-cost, low-fare market in Australia

Tiger Airways Australia is today the subject of unprecedented action by Australia's Civil Aviation Safety Authority (CASA) to ground an entire airline's fleet, citing an immediate risk to air safety. The carrier is grounded for the next week at least (the maximum permitted under CASA's legislation), though the regulator has implied it is likely to apply to the Federal Court to have the grounding extended, in what could be a potentially devastating blow to the low-cost carrier and low-fare travel in Australia. [1527 words]

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This report contains the following subheadings:

• Singapore's Tiger Airways continues to fly
• A great blow for Tiger - and Australian domestic low fare travel
• A wider safety issue? Pilots think so and will try to slow LCC growth

This report contains the following charts and tables:

• Tiger Airways Australia Top 10 routes (seats per week): 27-Jun-2011 to 03-Jul-2011
• Tiger Airways Australia fleet: Jul-2011
• Australian domestic passenger traffic (moving annual totals): Apr-2006 to Apr-2011
• Australian 'best discount' domestic fares index (July 2003 = 100): Jun-2006 to Jun-2011
• Shareholders in Tiger Airways: at 31 March 2011
• Tiger Airways' share price over the past 12 months (SGD)
• Australian domestic passenger traffic (millions per month): Apr-2006 to Apr-2011