Tigerair chairman regrets excessive plane orders

The outgoing chairman of beleaguered Tigerair has acknowledged that the budget carrier made some mistakes over the years, from ordering too many planes to failing to keep a close eye on its Australian operations.

J.Y. Pillay also told the firm’s annual general meeting that the airline may have listed too early, adding that while tough operating conditions have hit the industry as a whole, “Tiger's experience was perhaps more severe.”