Tiger Airways announced (11-Oct-2012) the appointment of Ho Yuen Sang as managing director of Tiger Airways Singapore, effective 05-Dec-2012, succeeding Stewart Adams. Mr Ho, who previously served as Jetstar Asia CCO, will be responsible for Tiger Airways' operations and growth from Singapore. Tiger Airways also announced the appointment of Alexander Knigge as CCO of the Tiger Group, effective 01-Dec-2012. Mr Knigge was previously Jetstar Airways head of group distribution and head of commercial services. In his new role Mr Knigge will "oversee all key commercial functions of the Tiger Group, including network and fleet, pricing and revenue management, sales and marketing, ancillary revenue". [more - original PR]
Tiger Airways announces changes to senior management team
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Jetstar Asia’s fleet has been held steady at 18 A320s since early 2014, when it reduced its fleet by one aircraft and suspended fleet expansion in response to overcapacity in the Singapore short haul market. Jetstar Asia is continuing the hiatus in its fleet expansion in 2017 as it believes its home market still suffers from overcapacity.
Singapore's Jetstar Asia Part 1: record profitability achieved as interline, codeshare traffic grows
Jetstar Asia is focusing on further growing interline and codeshare traffic while maintaining a very disciplined approach to capacity expansion. The Singapore-based LCC has not grown its fleet over the last three years and again is planning not to add any aircraft in 2017.
Jetstar Asia is now enjoying its highest level of profitability in its 12-year history, despite extremely competitive market conditions. Cost controls, lower fuel prices and surging traffic from full service airline partners, which generate significantly higher average yields, have boosted Jetstar Asia’s outlook.
However, Jetstar Asia is still not yet ready to commit to expansion, recognising that Singapore’s short haul market still suffers from overcapacity. The overcapacity situation could worsen in 2017, as other LCCs expand rapidly. Jetstar Asia is seeking to reduce its exposure to competing with LCCs further in the point-to-point market by attracting even more traffic from full service partners.