Tiger Airways is endangered.

All Australian domestic flights operated by Singapore Airline's budget carrier have been grounded until Saturday, July 9, due to safety concerns. The troubled airline's future is uncertain after its most recent breach of safety standards.

Many industry watchers believe the grounding could be extended beyond Saturday. The carrier stands to lose an estimated AU$1 million a day from the grounding. The longer it remains on the ground, the less likely its return.

Australia's Civil Aviation Safety Authority (CASA) is determining whether to seek orders from the Federal Court to extend the grounding. 

Tony Davis, international chief executive of Tiger Airways, is having crisis talks with CASA in Melbourne. -CNNGo.com

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Edited by Jamie L.