Tiger Airways Singapore Pte Ltd, operating as Tiger Airways Singapore, is an ultra-low cost airline which commenced services on 25 March 2005. It is a subsidiary ofTiger Airways Holdings, a Singapore-based company, which is owned partially bySingapore Airlines. Incorporated in September 2003, it is currently the largest low-cost airline operating out of Singapore in terms of passengers carried. In 2006, the airline flew 1.2 million passengers, a growth of 75% from the previous year.[1]
The airline was the first to operate from the Budget Terminal in Changi Airport in order to achieve operating-cost savings[2] and its cost structure is modelled after Ryanair. Despite regional competition, the airline has reiterated its current intention to remain focused on flying within a five-hour radius from its Singaporean base.[3] To overcome regulatory hurdles in the region, the airline attempts to buy into regional carriers to expand into a pan-Asian carrier.[4]
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