Pursuits
Tiger, Thai Air Take on AirAsia With Bangkok Venture
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Tiger Airways Holdings Ltd., the budget carrier part-owned by Singapore Airlines Ltd., will start a low-fare airline in Bangkok, challenging AirAsia Bhd. in Southeast Asia’s busiest airport.
Thai Airways International Pcl and another local company will own 51 percent of Thai Tiger Airways Pte, which is due to start operations in the first quarter of next year, the carriers said in a statement. Tiger Air will own the rest. The venture will fly domestic and overseas routes of up to five hours.