Tigerair partners 3 Asian airlines to grow network
Airline to boost growth in key Asian markets despite poor SE-A showing
TIGERAIR is planning to accelerate business growth in other key Asian markets such as Taiwan, Japan, South Korea, and India, even as its Singapore and South-east Asian operations continue in the red on low margins and falling passenger yields.
Better still, the airline has found a way to do so without over-stretching its resources. Yesterday, it announced strategic alliances with three airlines - Taiwan's China Airlines, India's low-cost airline SpiceJet, and Singapore Airlines' Scoot - to expand its network and commercial cooperation.
Group CEO of Tigerair Koay Peng Yen said: "The partnerships unveiled today will help us to expand our network, attain greater cost-savings, and build a stronger brand presence in the region . . . without taxing our balance sheet."
TRENDING NOW
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell?
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan