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THAI Tiger Airways to claw at Asias low fare market with new

first_imgMr. Piyasvasti Amranand (left), THAI President and Mr. Tony Davis (right), Tiger Airways Group President and CEO. Mr. Raymond Kwan (second from left), Tiger Airways Holdings Limited, Head of Planning & Investor Relations, Mr. Chin Sak Hin (third from left), Tiger Airways Holdings Limited, Chief Finance Office, Mr. Piyasvasti Amranand (fourth from left), THAI President, Mr. Tony Davis (fourth from right), Tiger Airways Group President and CEO, Mr. Chokchai Panyayong (third from right), THAI Executive Vice President, Strategy & Business Development Department, Mr. Teerapol Chotichanapibal (second from right), THAI acting Executive Vice President, Commercial Department. THAI and Tiger Airways have announced ‘Thai Tiger’; a joint venture set to capture the low fare travel market in Asia.Thai Airways International (THAI) and Tiger Airways recently announced the signing of a deal to form a new low fare airline called Thai Tiger Airways Private Limited (Thai Tiger). The new airline will operate the same low fare, low cost model as the other airlines in the Thai Airways Group, and is set to commence operations in the first quarter of 2011. THAI Tiger will be based out of Suvarnabhumi International Airport in Bangkok and will offer short-haul, point-to-point services within a five-hour flying radius. “We are pleased to partner with Tiger Airways in establishing Thailand’s newest airline, Thai Tiger,” THAI President, Piyasvasti Amranand said. “With its disciplined approach to the low-cost model, Tiger Airways has proven that it has the right approach to competing effectively in the growing low fare travel market in Asia.” The joint venture will be 51 percent owned by THAI and a THAI entity and 49 percent owned by Tiger Airways, Reuters reported. “The Thai Tiger Board will consist of three nominees from THAI and two nominees from Tiger Airways, with the Chairmanship being held by THAI,” Mr Amranand said. Tiger Airways have nominated Tony Davis and Ryanasia principal Declan Ryan, one of the founding shareholders of both Tiger Airways and Ryanair, to sit on the Board. Mr Amranand also noted the differentiation that the joint venture will provide THAI, “Thai Tiger will offer an entirely different line of products to that offered by THAI.” Tiger Airways Group President and CEO, Mr Tony Davis, reflected on the economic benefits that the venture offered: “Thai Tiger will be well positioned to offer low fares to even more parts of the Asia Pacific region from its base in [Thailand] … Spreading our paw print means greater economies of scale for Tiger Airways, which in turn enables us to lower costs and fares even further”.Thai Tiger will operate a fleet of Airbus A320 aircraft, consistent with other airlines in the Tiger Airways Group.center_img Source = e-Travel Blackboard: C.Clast_img

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