Tigerair (Singapore) has signed a Memorandum of Understanding (MOU) with Airbus for the purchase of up to 50 A320neo aircraft for future fleet renewal and growth. The deal covers 37 firm orders plus 13 options. The aircraft will be powered by Pratt & Whitney PW1100 engines and will be operated by the airline across its Asia-Pacific route network.
Virgin Australia Holdings Limited (Virgin Australia Airlines) (Brisbane) today (May 28) welcomed confirmation from the Foreign Investment Review Board that it has no objections to the proposed acquisition of 60 percent of the existing shares in Tiger Airways Australia Pty Ltd (Tiger Australia) (Melbourne).
This confirmation satisfies another condition for the proposed acquisition of Tiger Australia, which will enable Virgin Australia to access the budget market segment and expedite the growth of Tiger Australia.
The proposed transaction still remains subject to certain conditions and Virgin Australia expects the transaction to be completed by mid-July.
Top Copyright Photo: Ivan K. Nishimura/Blue Wave Group. Virgin Australia’s brand new Boeing 737-8FE WL VH-YFF (msn 40994) and crew pass through Honolulu on delivery.
Above Copyright Photo: Virgin Australia.
Bottom Copyright Photo: Peter Gates/AirlinersGallery.com. Tiger Airways’ Airbus A320-232 VH-VNH (msn 3734) stops at Brisbane.
Romance is Back Video:
Tiger Airways (Australia) (Melbourne) intends to expand its fleet from 11 aircraft to 23 in five years. The expanding airline will be battling Jetstar Airways for market share in the budget travel segment. Rob Sharp is the new CEO, the fifth CEO in five years.
Read the full interview: CLICK HERE
Copyright Photo: John Adlard. Airbus A320-232 VH-VND (msn 3206) taxies past the camera at Sydney.
Virgin Australia Holdings Limited (Virgin Australia Airlines) (Brisbane) is making three bold moves. The company issued the following statement:
Virgin Australia Holdings Limited today announced three transactions designed to accelerate the growth of the business, diversify its earnings and increase competition in Australia.
The transactions include:
- making a placement of shares to Singapore Airlines (Singapore), which will see Singapore Airlines owning a 10% interest in Virgin Australia Holdings;
- entering a Share Purchase Agreement to acquire 60% of the existing shares in Tiger Airways Australia (Melbourne) from Tiger Airways; and
- entering an in-principle agreement with Skywest Airlines (Perth) to acquire 100% of its business.
Virgin Australia Chief Executive Officer John Borghetti said: “The transactions announced today are in line with Virgin Australia’s strategy to become the airline of choice in all markets, in order to diversify our earnings and drive growth opportunities for the business.
“The acquisition of Tiger Australia and Skywest provides Virgin Australia with a strong presence in the budget, Fly-in Fly-Out (FIFO) and regional markets, enabling us to fast-track our expansion in these areas and become a stronger competitor”, Mr Borghetti said.
“These transactions will bring important benefits to Australia, driving growth in jobs, tourism and competition”, Mr Borghetti said.
If approved, following the completion of the transactions, the Virgin Australia Group will expand to 139 aircraft and over 9,000 employees .
Virgin Australia will keep the market updated regarding progress on these transactions.
Meanwhile partner Singapore Airlines (Singapore) has ordered 20 Airbus A350-900s and five A380s and will assign its 20 Boeing 787-9 Dreamliners to subsidiary Scoot (Singapore).
Top Copyright Photo: Lloyd Fox. If approved, Skywest Airlines (Perth) will become a 100% subsidiary of Virgin Australia. The regional carrier is already operating ATR 72-500s for Virgin Australia in their livery. The Skywest brand used for other Western Australia routes is now likely to disappear.
Bottom Copyright Photo: Micheil Keegan. Since Singapore Airlines and its Tiger Airways (Australia) subsidiary are now partners with Virgin Australia, it is unclear if Tiger Airways (Australia), a competitor of Virgin Australia, will continue to use the the Tiger Airways brand in Australia or operate now under the Virgin Australia name. Airbus A320-232 VH-VNO (msn 4053) climbs away from Sydney.
Tiger Airways (Australia) (Melbourne) is making a comeback after its grounding under the direction of CEO Andrew David. The group continues to lose money but it is working towards returning to profitability.
The Australian details the comeback.
Read the full report: CLICK HERE
Copyright Photo: Micheil Keegan. Airbus A320-232 VH-VNP (msn 2952) departs from the new Sydney base.
Tiger Airways (Australia) (Melbourne) has announced it will create a second base in Sydney bringing 150 new jobs to the airport. The low-fare airline will base three Airbus A320s at SYD by July and will add additional routes.
Read the full story from Sky News: CLICK HERE
Copyright Photo: Peter Gates.
Tiger Airways (Australia) Slide Show: CLICK HERE
Tiger Airways (Australia) (Melbourne) has reversed its decision to reduce the fleet from 10 to 8 Airbus aircraft. The low-fare airline has appointed a new CEO (Andrew David) and is planning to have 10 A320s operational by June. It is committed to the Australian market.
Read an interview with CEO Andrew David in the Sydney Morning Herald: CLICK HERE
Copyright Photo: John Adlard. Please click on the photo for additional information.
Tiger Airways Slide Show: CLICK HERE
Current Tiger Airways Route Map: The Australia route structure (black lines) has been greatly reduced since the grounding last year (click on the map to make larger):