Budget carriers Scoot, Tigerair to be managed by single holding company

18 May 2016 - Channel NewsAsia
SINGAPORE: National carrier Singapore Airlines (SIA) has set up a holding company to own and manage two of its budget airlines Scoot and Tiger Airways, it announced on Wednesday (May 18). Budget Aviation Holdings will be helmed by Mr Lee Lik Hsin, who has led Tigerair since May 2014. Scoot CEO Campbell ...
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SIA passenger numbers, load factor rise in April

16 May 2016 - Channel NewsAsia
SINGAPORE: Singapore Airlines' (SIA) passenger load factor (PLF) rose by 1.8 percentage points to 77.1 per cent in April, compared to 75.3 per cent in April 2015, the national carrier said Monday (May 16). Its operating results show that in total, the airline carried 1.57 million passengers last month, ...
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Tigerair 'achieves turnaround' with S$7.9m profit for Q4

5 May 2016 - Channel NewsAsia
SINGAPORE: Low-cost airline Tigerair on Thursday (May 5) posted a net profit of S$7.9 million for the fourth quarter ended Mar 31, 2016. In a media release, it said this is an improvement of S$26.7 million compared to a year ago, when it posted a net loss of S$18.8 million. The airline added that revenue ...
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Singapore: SGX approves TigerAir delisting

18 Apr 2016 - DealStreetAsia
SGX has approved the delisting of Tiger Airways after is acquisition by Singapore Airlines, Trendlines Group has launched a fund with Bayer AG targeting agricultural technology ventures in Israel, KT&T and HKT are establishing an international carrier exchange in Hong Kong and SembCorp Industries has ...
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Tigerair clinches delisting approval from SGX

18 Apr 2016 - Singapore Business Review
It no longer needs to hold a shareholder meeting. Budget carrier Tiger Airways has received delisting approval from the Singapore Exchange. The regulator said that it has no objection to the proposed delisting, and added that it will grant the company a waiver of the requirement that the privatisation ...
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Tigerair bids farewell to two A320 aircraft worth $71m

31 Mar 2016 - Singapore Business Review
It will see an $8m loss on disposal. Tigerair parting ways with two Airbus A320 aircraft, as the airline has entered a sale and purchase agreement with Stellar Aircraft Holding 1 Limited. According to Tigerair’s news release, as at 31 March 2015, the two aircraft has been marked for sale and their carrying ...
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Singapore Airlines' passenger numbers, load factor rise in February

15 Mar 2016 - Channel NewsAsia
SINGAPORE: National carrier Singapore Airlines (SIA) carried 1.459 million passengers in February, up 5.5 per cent from a year ago, it said in a news release on Tuesday (Mar 15). Its passenger load factor (PLF) rose 2.2 percentage points from a year ago to 77.4 per cent. Its capacity, measured in available ...
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Singapore Airlines set to delist Tiger Airways

4 Mar 2016 - DealStreetAsia
Singapore Airlines Ltd is set to delist Tiger Airways Holdings Ltd as its takeover offer for the budget airline closes on Friday, the company said. Singapore’s national carrier said by Feb 26, it owned, controlled or had agreed to acquire 95.6 percent of Tiger Airways, a level which would allow for the ...
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Singapore air operators to track planes’ location under new CAAS rules

4 Mar 2016 - Channel NewsAsia
SINGAPORE: In a bid to bolster aviation safety, airlines in Singapore will soon be required to track the location of their aircraft at least every 15 minutes throughout the entire duration of the flight. The new rules, announced by the Civil Aviation Authority of Singapore (CAAS) on Friday (Mar 4), will ...
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SIA’s offer for Tigerair shares draws to a close

4 Mar 2016 - Singapore Business Review
Non-responsive shareholders will be frozen out. The clock is ticking for Tigerair shareholders as Singapore Airlines’ (SIA) general offer closes today. With the compulsory acquisition threshold achieved during the offer period, Tigerair will soon be a wholly owned subsidiary of SIA. According to OCBC, ...
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