Tiger Aviation
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| Tiger Aviation | |
|---|---|
 |
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| Type | Private |
| Founded | Singapore, 2007 |
| Headquarters | Singapore |
| Key people | Tony Davis (CEO) |
| Industry | Airline |
| Products | Tiger Airways Tiger Airways Australia |
| Website | www.tigerairways.com |
Tiger Aviation Private Limited, also known as Tiger Aviation Group, is a Singapore-based holdings company that owns and operates pan-Asian airline Tiger Airways, as well as the start-up Australian domestic airline, Tiger Airways Australia. The holding company was formed in 2007 to allow for easier management of the two subsidiaries, as well as any future expansion, without having to focus on operational issues, leaving those to the airlines themselves.
The group flew 2.25 million passengers in the year ended 31 March 2008, a 50% increase over the previous year. Revenue increased by 82% in the same period, although the company has not announced if this translates into any profits[1]. The company says that its Australian operations are generating positive cashflows without a need for cross-subsidies from its Singapore operations, but there are concerns that its "positive cashflows" may have taken into account forward bookings into the next fiscal year[2].
Contents |
[edit] Companies
[edit] Subsidiaries
Tiger Airways Singapore (100%)
Tiger Airways Australia (100%)
[edit] Associated companies
Incheon Tiger Airways (49%)
[edit] Shareholders
Tiger Aviation is owned by:
- Singapore Airlines Limited (49%)
- Indigo Partners LLC - American private equity group (24%)[3]
- Irelandia Investments Limited - The private investment arm of Tony Ryan and family (16%)
- Temasek Holdings Pte Ltd - Singapore government investment vehicle (11%)[4] [5]
[edit] Fleet
| Aircraft | Number | Capacity | Routes |
|---|---|---|---|
| Airbus A320-200 | 12 (58 on order) | 180 (180Y) | Short haul |
[edit] References
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