Thai Airways plans to strike deal with Tiger

Carriers still want to gain most out of low-cost airlines despite the overcrowded market in Asia.

Flag carrier Thai Airways International Pcl said on Sunday it plans to form a new low-fare airline with Singapore's Tiger Airways Holdings Ltd, adding to Asia's crowded budget airline market.

The two airlines will hold a joint news conference in Bangkok on Monday to announce the signing of a memorandum of understanding for the new airline, said a Thai Airways official, who declined to provide further details.

The deal coincides with a cost-cutting drive by Thai Airways, which said on July 21 it expected to cut costs by as much as 20 billion baht ($620 million) from 2010 to 2012.

The "Thai Tiger" joint venture will be 51 percent owned by Thai Airways and 49 percent owned by Tiger, said a source with knowledge of the deal who declined to be identified.

The new carrier will operate routes that will not overlap those run by Thai Airway's current low-cost affiliate NokAir, the source added.

View the full story in Reuters.

Also Read

Singapore Airlines Group sees 7.9% rise in September passenger volume

CAAS and WAI-SG partner to promote aviation careers for young women

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit