0 Comments |  Business |  PRINT | 

THE NEWS WRAP: Tiger forced to suspend online ticket sales

Wednesday, 6 July 2011 | By Michelle Hammond
Tiger Airways has suspended online ticket sales as uncertainty continues over when the airline will get back in the skies.

 

Tiger was recently grounded by the Civil Aviation Safety Authority for posing "a serious and imminent risk to air safety".

 

It's been revealed that Tiger Airways openly defied the Australian Competition and Consumer Commission, which claims the airline continued to sell tickets without disclosing the severity of its situation.

 

Businesses back carbon price

 

More than 50 companies including GE, AGL and The Body Shop have signed a statement backing a price on carbon.

 

They have also launched a website, Businesses for a Clean Economy, out of concern that many businesses are not getting a say in the carbon price debate.

 

The Federal Government will outline its emissions trading scheme on Sunday, including a fixed price on carbon from July 1, 2012, household and industry assistance and funding for low emissions technology.

 

Banks oppose price signalling ban

 

The major banks are making a final push to water down the looming ban on price signaling, claiming the laws will hurt lending to big property and infrastructure projects.

 

As Parliament debates the ban, bankers have stepped up warnings that legitimate sharing of information would be outlawed under the current proposal.

 

The ban on price signaling is designed to stop banks tipping off their rivals about their pricing intentions, as part of Treasurer Wayne Swan's attempt to bolster competition in the industry.

 

Overnight

 

The Australian dollar was trading slightly higher this morning.

 

At 6.26am, the local unit was at US106.90 cents, up from 106.84 US cents yesterday.