Category Archives: Tigerair (Singapore)

Tigerair to be merged into Scoot on July 25, 2017

Tigerair (Singapore) Airbus A320-232 WL 9V-TRI (msn 5596) BKK (Michael B. Ing). Image: 924909.

Tigerair (Singapore) (originally Tiger Airways) is going away. Parent Singapore Airlines has decided to consolidate its budget airline subsidiaries under the Scoot brand and name on July 25, 2017. Tigerair’s (Singapore) aircraft are being repainted in Scoot’s livery. Tigerair’s TR code will survive and will be transferred to Scoot, replacing Scoot’s TZ code.

Tigerair Taiwan and Tigerair Australia will continue to operate under the Tigerair brand.

Scoot issued this statement:

Since May 2016, Scoot and Tigerair has been working to integrate reservation systems, flight schedules and connections, conditions of carriage, check-in counters and call centers. Those integrations have since been completed.

On July 25, 2017, the integration will be finalized and Scoot and Tigerair will merge to operate under a single brand, Scoot. With the merger, Tigerair will operate under the Scoot brand, however the Scoot designator code (TZ) will be re-designated as TR. This merger is part of our long-term growth strategy and to enable a more seamless travel experience for all our guests.

Top Copyright Photo: Tigerair (Singapore) Airbus A320-232 WL 9V-TRI (msn 5596) BKK (Michael B. Ing). Image: 924909.

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Map: Tigerair (Singapore) destinations are in orange:

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Tigerair Singapore to be merged into Scoot

Tigerair (Singapore) Airbus A320-232 WL 9V-TRL (msn 5721) PEN (Rob Finlayson). Image: 925825.

Tigerair (Singapore) brand will be retired in 2017. The group issued this statement:

Tigerair and our sister airline, Scoot, on November 4, 2016 announced our intention to
operate as one airline under the Scoot brand. This brand integration is expected to take place in the latter half of 2017, and presents our guests with more destination options and enables a more seamless travel experience.

All current Scoot/Tigerair bookings and flights are not impacted by this announcement. When both airlines fully integrate under a single brand, guests who have travel bookings on Tigerair will receive new booking confirmations reflecting the Scoot brand and designated airline code.

Please be assured that we will continue to provide you with great travel experiences.

Tigerair (Australia) will continue under Virgin Australia Holdings ownership.

Top Copyright Photo: Tigerair (Singapore) Airbus A320-232 WL 9V-TRL (msn 5721) PEN (Rob Finlayson). Image: 925825.

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Bottom Copyright Photo: Scoot-flyscoot.com (Singapore Airlines) Boeing 787-9 Dreamliner 9V-OJA (msn 37112) SIN (Michael B. Ing). Image: 934893.

Scoot-flyscoot.com (Singapore Airlines) Boeing 787-9 Dreamliner 9V-OJA (msn 37112) SIN (Michael B. Ing). Image: 934893.

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Tigerair’s quarterly loss widens to $143.3 million, Singapore Airlines jumps in and takes a majority 55% stake, will sublease 12 A320s to IndiGo

Tiger Airways Holdings Limited (Tigerair) (Singapore) has reported an operating loss of S$25.3 million ($19.8 million US) for the quarter ended September 30, 2014 (Fiscal Second Quarter), compared to an operating loss of S$12.8 million ($10.0 million US) recorded in the previous corresponding quarter last year

Tigerair Singapore recorded an operating loss of S$31.3 million ($24.5 million US) for the quarter compared to S$18.1 million $14.2 million US) a year ago. Revenue decreased by 4.9% to S$143.9 million ($113 million US) on the back of a rationalization of Tigerair Singapore’s network. The resulting improvement in load factor (+4 percentage point), was nevertheless offset by lower yields (-10.4%). Expenses increased by 3.4% to $175.2 million on higher unit cost (+3.1%).

The Group recorded loss after tax of S$182.4 million ($143.3 million US) in the Fiscal Second Quarter, compared to profit after tax of S$23.8 million $18.7 million US) a year ago. In total, the Group recorded one-off accounting provisions aggregating S$161.1 million in 2QFY15, mainly comprising S$99.3 million $126.6 million US) relating to the sublease of surplus aircraft and S$59.8 million ($46.9 million) for the divestment of Tigerair Australia.

According to the airline, “Tigerair’s largest shareholder, Singapore Airlines Limited (Singapore), has undertaken to subscribe for its pro rata entitlement, and also subscribe for excess Rights Shares, up to a total of S$140 million. Prior to the Rights Issue, SIA will convert its perpetual convertible capital securities (PCCS) holdings into Shares. The conversion will raise SIA’s stake in Tigerair from 40% to approximately 55% before the Rights Issue, effectively making Tigerair a subsidiary of SIA. SIA will not be making a general offer as Tigerair’s minority shareholders had approved a whitewash resolution in March 2013 to waive their rights to receive a general offer as a result of the PCCS conversion.”

In other news, Tiger Airways Holdings group (Tigerair) has reached an agreement with InterGlobe Aviation Limited (IndiGo) relating to the subleasing of 12 of Tigerair’s surplus aircraft by the Indian budget carrier. This sublease arrangement enables the Group to reduce excess capacity significantly and hence lower related leasing cost.

Most of these aircraft were previously operated by Tigerair Philippines and Tigerair Mandala, and had been returned to the Group upon its divestment of Tigerair Philippines in March 2014 and Tigerair Mandala’s cessation of operations in July 2014.

These 12 aircraft will be progressively delivered to IndiGo over a period of six months commencing in October 2014. Each aircraft will be subleased for between three and four years. With the lease of one of the 12 aircraft expiring in 2018, only 11 of the aircraft will be returned to the Group at the end of their respective sublease periods. Following their return, seven of the 11 aircraft are expected to re-join the operating fleet, while the remaining four may be progressively re-introduced back to the service network within two years.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-232 9V-TRI (msn 5596) of Tigerair (Singapore) arrives in Bangkok.

Tigerair (Singapore): AG Slide Show

Tigerair (Singapore) Aircraft Slide Show:

Tigerair Taiwan is ready to start operations tomorrow on the Taipei-Singapore route


Tigerair Taiwan (Taipei-Taoyuan) as planned, will launch scheduled passengers operations from Taipei (Taoyuan) to Singapore tomorrow (September 26) with Airbus A320s. The first flight will depart at 10:20 am local time in Taipei.

Tigerair, established in 2004, is part of the Singapore Airlines Group and is joining up with China Airlines which is entering the low-fare market with this joint venture. Tigerair is hoping the agreement will allow the brand to enter new markets in Taiwan, Japan and Korea.

The joint venture is between the China Airlines Group which holds a 90% stake and Tigerair holding the remaining 10%. The network will cover major destinations in Northeast and Southeast Asia, Hong Kong, Macau, China and Taiwan.

Copyright Photo: Manuel Negrerie/AirlinersGallery.com. The first aircraft, the pictured Airbus A320-232 B-50001 (msn 6187), wears “Taiwan” special titles that separates it from other Tigerair-branded aircraft at the Taiwan base..

 

Tigerair Taiwan to start operations on September 26

Tigerair (Taiwan) A320-200 WL B-50001 (13)(Grd)(Tigerair)(LRW)

Tigerair Taiwan (Taipei-Taoyuan) will launch scheduled passengers operations from Taipei (Taoyuan) to Singapore on September 26 with Airbus A320s according to Sydney Morning Herald. The new low-fare airline is a joint venture between China Airlines (Taipei) (90%) and Tigerair (Singapore) (10%). The new airline hopes to grow the fleet to 12 aircraft in the next three years.

Read the full story: CLICK HERE

Tigerair (Taiwan) logo (large)

Copyright Photos: Tigerair Taiwan. The first Airbus A320 is the pictured A320-232 B-50001 (msn 6187) delivered on August 28.

Tigerair (Taiwan) A320-200 WL B-50001 (13)(Tail)(Tigerair)(LRW)

Tigerair (Taiwan) A320 crew (Tigerair)(LRW)

Mandala Airlines to be shut down on July 1, Tigerair pulls the funding

Tigerair Group (Singapore), which controls 35.8 percent of the Mandala Airlines (Tigerair Mandala) stock, has decided to stop funding the loss-making Indonesian carrier. The company issued this statement:

PT Mandala Airlines deeply regrets to inform customers that its airline (operating under the brand-name of  Tigerair Mandala) will cease operations from July 1, 2014.

Customers who hold a flight booking with flight designator “RI” should note the following:

All Mandala flights from now to June 30, 2014 will operate as scheduled.

The last flight to be operated will be RI 545 on July 1, 2014, HKG-DPS departure time 0235.

All other flights operated by Mandala on July 1, 2014 and thereafter will be cancelled.

As a gesture of goodwill, the Tigerair Group will assist all affected customers with either a flight transfer to a TR flight if seats are available, or a refund for tickets booked for travel on July 1 or thereafter. Tigerair has no legal obligation or responsibility to do so. All legal obligations and responsibilities still rest with Mandala.

The Board and staff of Mandala wish to thank all customers for their support and sincerely apologize for any inconvenience caused.

Mandala Airlines originally started operations in February 1970 and was resurrected on April 5, 2012 under the assistance of Tigerair (Singapore).

Read the full report from Bloomberg Businessweek: CLICK HERE

Copyright Photo: Richard Vandervord/AirlinersGallery.com. Mandala Airlines’ Airbus A320-232 PK-RMP (msn 5073) with the Tigerair tail arrives at Bangkok.

Tigerair Mandala: AG Slide Show

Tigerair (Singapore): AG Slide Show

Tiger Airways Holdings swings to the red for the fourth quarter and the fiscal year

Tiger Airways Holdings Ltd (Tigerair) (Singapore) reported an operating loss of $24.2 million (all amounts in Singapore dollars) for the fiscal fourth quarter ended 31 March 31, 2014, compared to an operating profit of $12.7 million recorded in the previous corresponding quarter.

Total revenue declined by 32.7% to $161.9 million in the fourth quarter, while total expenses fell 18.3% to $186.1 million year-on-year, mainly due to the exclusion of Tigerair Australia from the Group’s results, as the airline ceased to be a subsidiary from July 8, 2013.

Loss after tax of $95.5 million for the fourth quarter was largely attributed to $52.4 million in exceptional charges and $21.5 million in share of losses of associate and joint venture. Exceptional charges comprised a $25.0 million provision for a planned grounding of eight aircraft and a $27.4 million impairment of associate, while the share of losses of associate and joint venture included an $11.9 million provision relating to Tigerair Mandala. These exceptional charges and provisions, which amounted to $64.3 million, demonstrate the Group’s resolve to re-set its strategy and consolidate its capacity.

For the full fiscal year ended March 31, 2014, the Group recorded an operating loss of $52.0 million compared to an operating profit of $7.3 million year-on-year. Group loss after tax widened to $223.0 million, compared to the previous year’s loss after tax of $45.4 million.

Operations Review (fourth quarter)

Despite an increase in traffic volume (+13.4%), Tigerair Singapore’s revenue for 4Q declined by 4.5% to $159.0 million, as yield fell 16.3% and load factor dropped 9.1 percentage points to 75.1%. Unit cost rose by 2.2% as the increase in expenses (+29.9%) outpaced capacity growth (+27.1%). Consequently, Tigerair Singapore recorded an operating loss of $29.4 million for the quarter compared to an operating profit of $21.5 million a year ago.

The company warned of a bleak outlook and was re-assessing its investment in Tigerair Mandala, the group’s Indonesian venture according to Reuters.

Read the full report from Reuters: CLICK HERE

Top Copyright Photo: Olivier Gregoire/AirlinersGallery.com. The pictured Airbus A320-232 F-WWDS (msn 4973) became 9V-TRE on delivery.

Image Below: Tigerair. Tigerair in March 2014 signed an Airbus deal to bring 37 new fuel-efficient A320neo aircraft from 2018 onwards. The new aircraft will be powered by a Pratt & Whitney 1100G-JM engine and equipped with large Sharklet wing tips, these new-generation aircraft deliver 15% greater fuel efficiency than the current A320ceos.

Tigerair Did You Know?

Tigerair (Singapore): AG Slide Show