Tiger Airways, Singapore's first low-cost carrier in which Singapore Airlines has a major shareholding, with its primary hub at Singapore Changi Airport. Incorporated on 9th December 2003 and began operations on 15th September 2004. It is currently the largest low-cost airline operating out of Singapore in terms of passengers carried. In 2006, the airline flew 1.2 million passengers, up by 75% from the previous year. The airline was the first to operate out of the Budget Terminal in Changi Airport in order to achieve operating cost savings and its cost structure is modelled after Ryanair. Despite regional competition, the airline has reiterated its current intention to remain focused on flying within a five-hour radius from its Singaporean hub. The airline attempts to buy into regional carriers to expand into a pan-Asian carrier in order to overcome regulatory hurdles in the region.
The Airline starts flying to India in October 2007, and flights to Malaysia has been approved by Transport Ministry of both country. The airline plans to study the possibility of an Initial Public Offering by the end of 2007.
Note:- IATA Code: TR
- ICAO Code: TGW
- Callsign: GO CAT
- Website: http://tigerairways.com
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