Tiger Airways sees brighter skies ahead

AFTER the divestment of loss-making associates, Tiger Airways is confident that the worst is behind the embattled carrier as it sets course to turn itself around.

"In view of that strategy now to concentrate solely on the Singapore operations, we believe that the worst is over," said chief executive Lee Lik Hsin at the group's annual general meeting (AGM) yesterday.

Mr Lee, previously president of SIA Cargo, took over from former CEO Koay Peng Yen in May.

"There has been a decline in the performance of the Singapore operations, and part of it is arising from the volatility of airline operations in general, but it is not difficult to control and manage the situation and swing back into profitability once demand picks up," Mr Lee added. "The bulk of…