GOL leads LCC share gains
Tiger Airways has been issued with a "show cause" notice by the Australian Civil Aviation Safety Authority (CASA), following reports of safety, training and maintenance breaches CASA is requesting evidence to demonstrate that claims made against the airline are not true. Tiger has 21 days to respond to the notice; failure to do so may result in all Tiger aircraft being grounded. It is the first time CASA has taken such action against a main Australian airline since it threatened to stop Ansett operating in 2001. Tiger Airways Australia has denied any safety risk.
Selected PEA daily share price movements (% change): 20-Apr-2011