This is a win-win-win situation.
Everybody is happy.
Aussieland - Happy because they call the shots and show they are safety conscious.
Air travel passengers - Happy because they do not need to fly this budget airline.
This budget airline - Happy because they achieved proving that budget airlines are bad for you; so please fly regular airline SIA from now on; and don't be stingy to pay more.
While SAI might own 49% of Tiger, look who one of the other significant share holders is - Tony Ryan of Ryan Air fame. Seems they have been using the Ryan Air business model of 'race to the bottom', turning air travel into something like long distance bus travel. Cheap, but nasty and uncomfortable with surly staff and highly variable schedules.
The Kangaroo is doing a pretty good job of eating itself. (Jetstar crews are paid less than their Qantas counterparts, Qantas routes being replaced by Jetstar routes)
However personally I don't think the Ryan Air business model that Tiger was following will be good for the industry as a whole. Air travel has an excellent safety record due to those 'expensive' safety management systems and the use of highly trained flight crews.
This expensive 'non profit' sectors appear to be the first thing to fall by the wayside in the drive to get costs down. Do we really want to drag air travel down to the safety level of long distance road coaches ?
The current name is a bad choice of name for the airline. This has affected the "luck" of the airline badly. Close this one or pull out the 49% share completely.
When SIA forms its new budget airline, choose a different and better name.
TGW Air Operator's Certificate suspension extended till 1st of August 2011. Tigers can't fly buy $$$ sure can, at a rate S$2,000,000 per week upwards to about S$32,000,000 for the entire 30 days duration as predicted by some analyst.