Tiger Aviation
Encyclopedia
Tiger Airways Holdings Limitedis a Singapore
-based holding company
that owns and operates pan-Asian airline Tiger Airways
, as well as the Australian domestic airline, Tiger Airways Australia
. The holding company was formed in 2007 to allow for easier management of the two subsidiaries, as well as any future expansion, without having to focus on operational issues, leaving those to the airlines themselves.
The group flew 2.25 million passengers in the year ended 31 March 2008, a 50% increase over the previous year. Revenue increased by 82% in the same period, although the company has not announced if this translates into any profits. The company says that its Australian operations are generating positive cash flows without a need for cross-subsidies from its Singapore operations, but there are concerns that its "positive cash flows" may have taken into account forward bookings into the next fiscal year.
since February 2010. The main shareholders in Tiger Airways Holdings as of July 2011, who hold more than 5% shares, are:
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
-based holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
that owns and operates pan-Asian airline Tiger Airways
Tiger Airways
Tiger Airways Singapore Pte Ltd, operating as Tiger Airways Singapore, is a low cost airline which commenced services on 25 March 2005. It is a subsidiary of Tiger Airways Holdings, a Singapore-based company, which is owned partially by Singapore Airlines...
, as well as the Australian domestic airline, Tiger Airways Australia
Tiger Airways Australia
Tiger Airways Australia Pty Ltd, operating as Tiger Airways Australia, is a low cost airline which commenced services in the Australian domestic airline market on 23 November 2007. It is a subsidiary of Tiger Airways Holdings, a Singapore-based company, which is owned partially by Singapore Airlines...
. The holding company was formed in 2007 to allow for easier management of the two subsidiaries, as well as any future expansion, without having to focus on operational issues, leaving those to the airlines themselves.
The group flew 2.25 million passengers in the year ended 31 March 2008, a 50% increase over the previous year. Revenue increased by 82% in the same period, although the company has not announced if this translates into any profits. The company says that its Australian operations are generating positive cash flows without a need for cross-subsidies from its Singapore operations, but there are concerns that its "positive cash flows" may have taken into account forward bookings into the next fiscal year.
Subsidiaries
- Tiger Airways SingaporeTiger AirwaysTiger Airways Singapore Pte Ltd, operating as Tiger Airways Singapore, is a low cost airline which commenced services on 25 March 2005. It is a subsidiary of Tiger Airways Holdings, a Singapore-based company, which is owned partially by Singapore Airlines...
(100%) - Tiger Airways AustraliaTiger Airways AustraliaTiger Airways Australia Pty Ltd, operating as Tiger Airways Australia, is a low cost airline which commenced services in the Australian domestic airline market on 23 November 2007. It is a subsidiary of Tiger Airways Holdings, a Singapore-based company, which is owned partially by Singapore Airlines...
(100%)
Associated companies
- Mandala AirlinesMandala AirlinesMandala Airlines was a low-cost airline headquartered in the Mandala Airlines Building in West Jakarta, Jakarta, Indonesia. Mandala operated scheduled services to 3 international and 17 domestic destinations, used a fleet of narrow body Airbuses. Its main operational base was Soekarno-Hatta...
(33%) - South East Asian AirlinesSouth East Asian AirlinesSoutheast Asian Airlines , Inc. operating as SEAir is an airline based in Pampanga, the Philippines. It operates domestic services and its main base is Ninoy Aquino International Airport, Manila, with hubs at Godofredo P. Ramos Airport, Malay, Aklan.- History :The airline was established in 1995...
(32.5%) - Thai Tiger AirwaysThai Tiger AirwaysThai Tiger Airways was a planned a joint venture of Singaporean low-fare airline Tiger Airways and Thailand's Thai Airways International. On September 19, 2011 Thai Airways International scrapped the joint-venture plan with Tiger Airways to set up a Thai offshoot of the Singapore-based low-cost...
(39%)
Shareholders
Tiger Airways is publicly listed on the Singapore ExchangeSingapore Exchange
Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...
since February 2010. The main shareholders in Tiger Airways Holdings as of July 2011, who hold more than 5% shares, are:
- Singapore AirlinesSingapore AirlinesSingapore Airlines Limited is the flag carrier airline of Singapore. Singapore Airlines operates a hub at Changi Airport and has a strong presence in the Southeast Asia, East Asia, South Asia, and "Kangaroo Route" markets...
Limited (32.84%) - Dahlia Investments Pte Ltd 7.37%