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Tiger Airways quarter to Sept passenger traffic up 70.6 pct yr-on-yr

10-Oct-2006

Kuala Lumpur (XFNews-ASIA) - Tiger Airways, a budget airline partly owned by Singapore Airlines, said passenger traffic in its fiscal second quarter to September rose 70.60 pct year-on-year, surpassing the 54.2 pct rise in its passenger seats during the period.

The airline said it is on track to achieve its target of carrying its two millionth passenger by the end of this current financial year to March 2007.

Tiger Airways CEO Tony Davis said the airline intends to set up more five more operating bases in the region within the next few years to achieve its target of becoming a pan-Asian airline.

The airline currently flies to Thailand, Vietnam, China, Indonesia, the Philippines and Australia.

Besides SIA, other shareholders in Tiger Airways include SIA's parent Temasek Holdings; Tony Ryan, the founder of European low-cost airline Ryanair; and US private investor Indigo Partners.


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