Tiger Airways (Tiger Airways Holdings Limited) on June 4 finalized the sale andย purchase agreement to acquire a 40% stake in South East Asian Airlines (SEAir),ย Inc. This stake willย be acquired from existing foreign shareholders at $7 million (US), less liabilities to be confirmed in a dueย diligence review. The investment will be held through Tigerโs wholly owned subsidiary, Roar Aviationย II Pte. Ltd.
The investment in SEAir is Tigerโs second such joint venture in Asia. Tiger acquired a 33% stake in
Mandala Airlines (Jakarta) of Indonesia in January 2012.
SEAir currently operates two Airbus A319 aircraft leased from Tiger Airways under the Tiger Partner Airline
program. In addition, there are plans to expand the fleet to five aircraft within this financial year with the addition of three A320 aircraft.
SEAir will be introducing new routes to its network. The airline will adopt Tigerโs business model. This includes offering attractive fares to international and domestic destinations within a five-hour flying radius from the Philippines.
Copyright Photo: Jay Selman.
SEAir:ย 
Tiger Airways (Singapore):ย 
SEAir Domestic Route Map:
Please click on the map to expand.
SEAir International Route Map:
Please click on the map to expand.
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