Tiger Airways Holdings said regulators had ended restrictions on its Australian unit after the carrier addressed safety concerns that prompted a grounding last year.
The Civil Aviation Safety Authority today issued the unit with a new air operator’s certificate after it improved standards, Singapore-based Tiger Air said in a statement. The certificate has no restrictions linked to last year’s shutdown.
Tiger Australia, which competes with Qantas Airways Ltd.’s Jetstar, has named a new chief executive officer and improved training since grounding flights for about six weeks in 2011. The budget carrier was subsequently allowed to operate a limited number of flights by the regulator.
Tiger Air, part-owned by Singapore Airlines, fell 1.3% to 73.5 Singapore cents in the city-state before the announcement. It’s risen 16% this year.
The Australia unit was grounded after one of its planes came into land too low in Melbourne. The airline was already under a safety review. The order didn’t affect the carrier’s main unit in Singapore.
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