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Tiger Airways appoints New Chief Financial Officer

Travel News Asia Thursday, 22 June 2006

Low cost Singapore-based airline Tiger Airways, has appointed seasoned corporate finance manager Evelyn Tan as its new chief financial officer (CFO).

Tan, who was formerly finance director of Celestica, will report directly to Tiger Airways CEO Tony Davis.

Evelyn comes to Tiger Airways at just the right time. We have experienced tremendous growth since we started operations in October 2004 because we have a very experienced management team that understands the aviation industry. This is augmented by occasionally hiring fresh talent who can add new perspectives to our business.

It is therefore timely to further beef up our financial and cost control systems. I am confident Evelyn will provide the financial expertise to help Tiger Airways keep costs competitive so we can continue to offer consistently low fares while maintaining and improving on our cash-flow positive financial status, said Davis.

In her previous position as finance director of Celestica, Tan was responsible for Malaysia, Thailand, Mexico and China operations. Tan stayed at Celestica, which is among the worlds top 5 largest electronic manufacturing service (EMS) provider, for five years. Prior to Celestica, she was the CFO of listed Omni Industries, one of Singapores top EMS providers.

Tan joined Omni Industries during its infancy stage and helped to take the company through its IPO (initial public offer) to become one of the most sought after stock on the Singapore Stock Exchange. Omni was acquired by Celestica for more than US$800 million. Tan was at Omni for eight years.

Tan said, The aviation industry is going through a challenging time with airlines like Tiger Airways facing high fuel costs and fierce competition. But Tiger Airways has shown it can ride above these challenges and I am confident it will continue to do so under Tonys leadership. I have been given a clear brief by him to introduce the financial measures necessary to take Tiger Airways into its next phase of growth and I look forward to doing this.

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