Tiger Aviation CEO, Tony Davis and Incheon City Mayor Ahn Sang-Soo, have signed a letter of co-operation to establish a new Korean low fare airline called Incheon Tiger Airways.Tiger Aviation and Incheon Metropolitan City will now commence work on the required approvals from the central government necessary to secure the appropriate traffic rights. Incheon City and Tiger Aviation will establish a joint venture company to form the new airline.
Tiger Aviation has a proven track record of operating successful low fare airline model in the Asia Pacific region. Within three years of operations, Tiger Airways Singapore now flies to eight countries across Asia Pacific with its fourth million passenger expected within coming months. Tiger Airways Australia is planning to commence domestic operations later this month.
Tiger Aviation Group CEO Tony Davis said, “This partnership combines the complementary strengths of both parties. We are poised to be in a strong position to tap on emerging travel trends in the region. I’m confident that our customers in Korea, Eastern China and Japan will be receptive and embrace low cost travel so that they have the opportunity to see more of the region.”
Tiger Aviation recently concluded an order with Airbus Industries for a further 50 aircraft, making a combined fleet of 70 aircraft by 2016. It is anticipated that the initial fleet operated by Incheon Tiger Airways will be 5 A320 aircraft.