Tiger wanted 30 also.They are still aiming to have 30 737’s in the coming years so I can’t see them backing out just yet
A seventh new aircraft will arrive from France in September and Roberts is hoping 30 of the 50 planes Tiger has on order will eventually help her expand Tiger's presence in Australia.
I’d be interested to know what the cash burn here is at the moment. Crude $110-$120 is pretty grim for the balance sheet assuming they are unhedged. At those levels running an average load of 30 bodies, back of the coaster calculation would be $1m a week loss.
Nothing seems to be improving (possibly going backwards) so doubling the fleet to 10, you don’t really get much in the way from scale with crude so high, so $100m a year burn? Total costs will soon start to blow out once they start adding more aircraft, engineering/staff/lease costs start to balloon.
Tiger lost a billion dollars from 2007-2020. Who knows when the tap gets turned off here, another $100m might be poured in, won’t last long though.