Tigerair Taiwan is a proposed low-cost carrier based at Taiwan Taoyuan International Airport which plans to commence services in 2014, subject to the regulatory approval from the Civil Aeronautics Administration (Taiwan). There are plans to expand the fleet to 12 aircraft by 2016 or 2017.[1]
The airlines is one of the first low-cost carrier plans in Taiwan (The other being that of Transasia Airways) and will be formed as a joint venture between China Airlines and Tigerair Holdings. A NTD2 billion paid-up capital is to be invested in the airlines, with China Airlines holding 90 percent of the share and Tigerair Holdings holding the rest (10 percent).[1]
History
Taiwan was the last major market in Asia to not have a low-cost carrier(LCC). In early 2013, China Airlines and Transasia Airways became the first Taiwanese carriers to express interests in forming LCCs. The further reduction in entry barriers by the Civil Aeronautics Administration (Taiwan) made it favorable for the creation of LCCs.
In October 2013, China Airlines chairman Sun Hung-Hsiang announced that the airline is in talks with a foreign low cost carrier(LCC) to start a LCC based in Taiwan. Sun stated that the pertnership would become public in late-2013 or early-2014.[2]
In December 2013, China Airlines announced its new joint venture with Singaporean low cost carrier Tigerair to establish Tigerair Taiwan. The new airlines is planned to start operations in 2014 with 3 Airbus A320s. China Airlines will hold a 90 percent share in the new carrier, while Tigerair will hold the other 10 percent.[1]
Destinations
Tigerair Taiwan is planned to provide international air travel services across Northeast Asia, including Japan, South Korea and the second-tier and third-tier cities of China.[1]
Fleet
Tigerair Taiwan plans to buy three Airbus A320 aircraft, with the fleet expected to total 12 planes in 2016 or 2017.[1]
See also
References
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- Novotel Taipei Taoyuan International Airport
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- 1 25% ownership
- 2 19.8% ownership
- 3 32.7% ownership
- 4 13.1% ownership
- 5 10.8% ownership
- 6 10% ownership
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