Singapore (News Today) - Flag carrier Thai Airways International Pcl and Singapore’s Tiger Airways Holdings Ltd confirmed on Monday they planned to form a new low-fare airline. The “Thai Tiger Airways” joint venture will be 51 percent owned by Thai Airways and a Thai entity and 49 percent owned by Tiger, the two airlines said in an announcement to the Singapore exchange, confirming an earlier report by Reuters.
The new carrier will be based in Bangkok and is expected to start operations in the first quarter of 2011. It will offer domestic and international services within a five-hour flying radius, the airlines said.
Thai Airways is 51 percent-owned by the Thai government. Tiger is 49 percent-owned by Singapore Airlines and part-owned by Singapore state investor Temasek.
Source : kompas
Saturday, August 7, 2010
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