10-May-2011 4:57 PM
Tiger Airways to enter domestic Philippine trunk routes from Jul-2011
Analysis
SEAir, in partnership with Tiger Airways, will enter key domestic Philippine trunk routes from Jul-2011.
Summary
- SEAir, in partnership with Tiger Airways, will begin operating domestic Philippine trunk routes from July 2011.
- The initial routes will include Manila-Cebu with five daily flights starting on 1st July 2011.
- SEAir will also operate three daily flights on the Manila-Davao route, starting on 2nd July 2011.
- Tiger Airways' shares increased by 0.7% following the announcement.
- Cebu Pacific also experienced a 0.5% increase in shares.
- This partnership between SEAir and Tiger Airways will intensify competition on Philippine trunk routes.
SEAir will operate the following services:
Tiger's shares rose 0.7% yesterday, while Cebu Pacific gained 0.5%. See related report: Second phase of Tiger-SEAir partnership leads to even more competition on Philippine trunk routes
Selected PEA daily share price movements (% change): 10-May-2011
