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Virgin now owner of 60 per cent of Tigerair

written by australianaviation.com.au | July 8, 2013
Taking off - Tigerair will steepen its attack on the domestic market under Virgin majority ownership. (Seth Jaworski)

Virgin Australia Holdings has concluded its 60 per cent acquisition of the newly re-branded Tigerair in what represents the final step in Virgin’s claim for greater market share across regional and domestic markets.

The deal, which was announced on October 30 last year, will see Virgin Australia CEO John Borghetti become chairman of Tigerair to lead the low-cost carrier’s revitalisation.

“The acquisition of 60 per cent of Tigerair Australia enables Virgin Australia to re-enter the budget travel market segment,” Borghetti said. “We are very pleased to partner with Tigerair in Tigerair Australia and we look forward to working together to expedite its growth.”

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Tigerair CEO Koay Peng Yen said: “We can now look forward to a new beginning for our operations in Australia. We are confident that our partnership with Virgin Australia will yield a stronger Tigerair Australia.”

Tigerair Australia’s CEO Rob Sharp said the transaction would better place Tigerair to ensure it has “the right scale to compete effectively”.

“Our aim is for Tigerair Australia to become a sustainable and respected budget carrier in Australia”.

Tigerair will retain its own brand and operating certificates. On announcing the deal Borghetti said as majority owner Virgin would seek to grow Tigerair’s A320 fleet from the current 11 aircraft to a planned 35 aircraft by the end of 2018.

PROMOTED CONTENT

Last financial year Tigerair recorded a 10.8 per cent improvement in operating results during 2012/13, but still recorded an overall loss of S$69 million.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

3 Comments

  • Red Barron

    says:

    Good luck tiger air. It was great to see Virgin come onboard and help rebuild the brand which Unfortunantly make take some time.

  • Glen

    says:

    It will take a long time for Tiger to make a profit so it does make me wonder why Virgin want to buy a share in a loss making airline.

  • Michael

    says:

    With Virgin wanting to expand the Tiger fleet by 24 aircraft, the Bombardier C Series should come under serious consideration!! 15% lower cash operating costs, cheaper to purchase and from what I’ve seen, a much better passenger experience with the seating configuration, window size and overhead bins. Give it a serious look Virgin

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Virgin now owner of 60 per cent of Tigerair

written by australianaviation.com.au | July 8, 2013
Taking off - Tigerair will steepen its attack on the domestic market under Virgin majority ownership. (Seth Jaworski)

Virgin Australia Holdings has concluded its 60 per cent acquisition of the newly re-branded Tigerair in what represents the final step in Virgin’s claim for greater market share across regional and domestic markets.

The deal, which was announced on October 30 last year, will see Virgin Australia CEO John Borghetti become chairman of Tigerair to lead the low-cost carrier’s revitalisation.

“The acquisition of 60 per cent of Tigerair Australia enables Virgin Australia to re-enter the budget travel market segment,” Borghetti said. “We are very pleased to partner with Tigerair in Tigerair Australia and we look forward to working together to expedite its growth.”

Advertisement
Advertisement

Tigerair CEO Koay Peng Yen said: “We can now look forward to a new beginning for our operations in Australia. We are confident that our partnership with Virgin Australia will yield a stronger Tigerair Australia.”

Tigerair Australia’s CEO Rob Sharp said the transaction would better place Tigerair to ensure it has “the right scale to compete effectively”.

“Our aim is for Tigerair Australia to become a sustainable and respected budget carrier in Australia”.

Tigerair will retain its own brand and operating certificates. On announcing the deal Borghetti said as majority owner Virgin would seek to grow Tigerair’s A320 fleet from the current 11 aircraft to a planned 35 aircraft by the end of 2018.

PROMOTED CONTENT

Last financial year Tigerair recorded a 10.8 per cent improvement in operating results during 2012/13, but still recorded an overall loss of S$69 million.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

3 Comments

  • Red Barron

    says:

    Good luck tiger air. It was great to see Virgin come onboard and help rebuild the brand which Unfortunantly make take some time.

  • Glen

    says:

    It will take a long time for Tiger to make a profit so it does make me wonder why Virgin want to buy a share in a loss making airline.

  • Michael

    says:

    With Virgin wanting to expand the Tiger fleet by 24 aircraft, the Bombardier C Series should come under serious consideration!! 15% lower cash operating costs, cheaper to purchase and from what I’ve seen, a much better passenger experience with the seating configuration, window size and overhead bins. Give it a serious look Virgin

Leave a Comment

Your email address will not be published. Required fields are marked *

Virgin now owner of 60 per cent of Tigerair

written by australianaviation.com.au | July 8, 2013
Taking off - Tigerair will steepen its attack on the domestic market under Virgin majority ownership. (Seth Jaworski)

Virgin Australia Holdings has concluded its 60 per cent acquisition of the newly re-branded Tigerair in what represents the final step in Virgin’s claim for greater market share across regional and domestic markets.

The deal, which was announced on October 30 last year, will see Virgin Australia CEO John Borghetti become chairman of Tigerair to lead the low-cost carrier’s revitalisation.

“The acquisition of 60 per cent of Tigerair Australia enables Virgin Australia to re-enter the budget travel market segment,” Borghetti said. “We are very pleased to partner with Tigerair in Tigerair Australia and we look forward to working together to expedite its growth.”

Advertisement
Advertisement

Tigerair CEO Koay Peng Yen said: “We can now look forward to a new beginning for our operations in Australia. We are confident that our partnership with Virgin Australia will yield a stronger Tigerair Australia.”

Tigerair Australia’s CEO Rob Sharp said the transaction would better place Tigerair to ensure it has “the right scale to compete effectively”.

“Our aim is for Tigerair Australia to become a sustainable and respected budget carrier in Australia”.

Tigerair will retain its own brand and operating certificates. On announcing the deal Borghetti said as majority owner Virgin would seek to grow Tigerair’s A320 fleet from the current 11 aircraft to a planned 35 aircraft by the end of 2018.

PROMOTED CONTENT

Last financial year Tigerair recorded a 10.8 per cent improvement in operating results during 2012/13, but still recorded an overall loss of S$69 million.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

3 Comments

  • Red Barron

    says:

    Good luck tiger air. It was great to see Virgin come onboard and help rebuild the brand which Unfortunantly make take some time.

  • Glen

    says:

    It will take a long time for Tiger to make a profit so it does make me wonder why Virgin want to buy a share in a loss making airline.

  • Michael

    says:

    With Virgin wanting to expand the Tiger fleet by 24 aircraft, the Bombardier C Series should come under serious consideration!! 15% lower cash operating costs, cheaper to purchase and from what I’ve seen, a much better passenger experience with the seating configuration, window size and overhead bins. Give it a serious look Virgin

Leave a Comment

Your email address will not be published. Required fields are marked *

Virgin now owner of 60 per cent of Tigerair

written by australianaviation.com.au | July 8, 2013
Taking off - Tigerair will steepen its attack on the domestic market under Virgin majority ownership. (Seth Jaworski)

Virgin Australia Holdings has concluded its 60 per cent acquisition of the newly re-branded Tigerair in what represents the final step in Virgin’s claim for greater market share across regional and domestic markets.

The deal, which was announced on October 30 last year, will see Virgin Australia CEO John Borghetti become chairman of Tigerair to lead the low-cost carrier’s revitalisation.

“The acquisition of 60 per cent of Tigerair Australia enables Virgin Australia to re-enter the budget travel market segment,” Borghetti said. “We are very pleased to partner with Tigerair in Tigerair Australia and we look forward to working together to expedite its growth.”

Advertisement
Advertisement

Tigerair CEO Koay Peng Yen said: “We can now look forward to a new beginning for our operations in Australia. We are confident that our partnership with Virgin Australia will yield a stronger Tigerair Australia.”

Tigerair Australia’s CEO Rob Sharp said the transaction would better place Tigerair to ensure it has “the right scale to compete effectively”.

“Our aim is for Tigerair Australia to become a sustainable and respected budget carrier in Australia”.

Tigerair will retain its own brand and operating certificates. On announcing the deal Borghetti said as majority owner Virgin would seek to grow Tigerair’s A320 fleet from the current 11 aircraft to a planned 35 aircraft by the end of 2018.

PROMOTED CONTENT

Last financial year Tigerair recorded a 10.8 per cent improvement in operating results during 2012/13, but still recorded an overall loss of S$69 million.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

3 Comments

  • Red Barron

    says:

    Good luck tiger air. It was great to see Virgin come onboard and help rebuild the brand which Unfortunantly make take some time.

  • Glen

    says:

    It will take a long time for Tiger to make a profit so it does make me wonder why Virgin want to buy a share in a loss making airline.

  • Michael

    says:

    With Virgin wanting to expand the Tiger fleet by 24 aircraft, the Bombardier C Series should come under serious consideration!! 15% lower cash operating costs, cheaper to purchase and from what I’ve seen, a much better passenger experience with the seating configuration, window size and overhead bins. Give it a serious look Virgin

Leave a Comment

Your email address will not be published. Required fields are marked *

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