Tiger purchases six new aircraft
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Despite its woes in Australia, Tiger Airways is pressing ahead with expansion plans in Singapore. The budget carrier has announced a purchase plan for six Airbus A320s by March next year. Delivery of the new aircraft will take Tiger’s fleet size to 20. This increase will support Tiger’s drive to capture the growing appetite for low-fare travel in the Asia Pacific region. The new aircraft will enable the airline to increase capacity on popular routes, reopen routes to India and begin services to emerging destinations. Stewart Adams, Managing Director of Tiger Airways Singapore, said; “With a larger fleet, we will increase frequencies to our most popular destinations such as Bangkok and Taipei, re-introduce services to Bangalore following an 11-month absence and introduce exciting new destinations such as Cebu to our network.”The announcement comes after an impressive performance through the last 12 months. The Tiger Airways Group reported 6.2 million passengers for the 12 months to June 2011, an 18% growth from the preceding 12 months. Load factor increased from 85% to 86% during the same period of comparison.The airline is confident this growth will continue after witnessing encouraging growth rates in budget air travel across the region. Adams said; “Singapore Changi Airport registered an 11% growth in passenger movements from January to June 2011. This was led by a 25% increase in passenger movements for budget carriers during the same period, demonstrating the robustness of the low cost carrier model.”
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