Singapore’s Scoot, Tigerair to merge into single LCC holding company
SIA plans to combine the management of its LCC subsidiaries Scoot (long-haul) and Tigerair (regional) into a single body. The carrier has formed a new subsidiary called Budget Aviation Holdings, which will own and manage both LCCs following the recent delisting of Tigerair from the Singapore Stock Exchange. The new entity will be headed up by Lee Lik Hsin, who was appointed as CE of Tigerair in early 2014 following a series of poor results. Scoot founding CE Campbell Wilson will “return to SIA in a senior position,” the company said. SIA CE Goh Choon Phong said the move to a new LCC operating structure was made on the back of the parent company’s buy-back for the majority of Tigerair shares. It follows a preliminary agreement between the LCCs to implement “wide ranging cooperation” across various marketing functions. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-20/unaligned/singapore2019s-scoot-tigerair-to-merge-into-single-lcc-holding-company
https://portal.staralliance.com/cms/logo.png
Singapore’s Scoot, Tigerair to merge into single LCC holding company
SIA plans to combine the management of its LCC subsidiaries Scoot (long-haul) and Tigerair (regional) into a single body. The carrier has formed a new subsidiary called Budget Aviation Holdings, which will own and manage both LCCs following the recent delisting of Tigerair from the Singapore Stock Exchange. The new entity will be headed up by Lee Lik Hsin, who was appointed as CE of Tigerair in early 2014 following a series of poor results. Scoot founding CE Campbell Wilson will “return to SIA in a senior position,” the company said. SIA CE Goh Choon Phong said the move to a new LCC operating structure was made on the back of the parent company’s buy-back for the majority of Tigerair shares. It follows a preliminary agreement between the LCCs to implement “wide ranging cooperation” across various marketing functions. <br/>
