Reports from Singapore suggest flag-carrier Singapore Airlines will launch its highly anticipated low-cost carrier in April next year.
Straits Times reports the carrier will be called Scoot Airlines and will wow guests with in-flight wi-fi as well as a host of other attractions.
The English-language newspaper went on to explain the airline will start off with just one Boeing 777-200 before increasing its fleet to four aircraft within three months.
Ambitious plans will then see the carrier expand to 14 planes by mid-2016.
Departures to Europe, the United States, Australia and New Zealand are all being considered.
The subsidiary will be wholly-owned but independently managed, with the budget carrier using wide-bodied, double-aisle aircraft.
SIA already has a short-haul, full-service unit called SilkAir, which travels to tourist destinations in Asia and has a stake in troubled Asian budget carrier Tiger Airways.