Yes I heard on the radio this morning about the additional delay and the expectation it will be the end of August before they are likely to get approval to fly again.
Add that to the 20mil loss for the QTR!!!! QTR not year but QTR and that was prior to the grounding.
The longer thos goes on the less chance i see for Tiger in australia (IMHO).
I would not be surprised if they are looking real hard at a way to exit without losing too much face. If i was a sh in tiger i'd be getting out FAST.
VBA Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held