Tiger Airways speeds up delivery of new planes

Tiger Airways has announced that the delivery of its five new planes will be accelerated to early 2011 instead of 2016 as before.

These five aircraft are part of the total 66 aircraft fleet Tiger Airways has ordered with Airbus and were originally scheduled to be delivered in 2016.

Tiger Airways President and Chief Executive Officer, Tony Davis said that Tiger Airlines was speeding up the delivery to grow their business in both Asia and Australia.

Tiger Airways had also announced last week the first European ECA-backed aircraft financing arrangement with Standard Chartered Bank to purchase two A320-200 aircraft.

Standard Chartered Bank helped to complete the financing arrangement for Tiger Airways for the advanced delivery of five Airbus 320-200 aircraft into 2010/11.