Tiger is looking at a 3 year break even so they wont be posting a profit in a hurry.
The have deep pockets supporting them too. Very little market share for them atm and competing for different routes but will be one to watch.
Current bilateral arrangments prevent them from flying the lucrative Syd-Lax routes due to 51% greater foreign ownership laws. If the do get approval then V Australia will have competition and QAN will be forced into another bidding war.
VBA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Not Held
