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Singapore Air Forms New Company to Manage Two Budget Carriers

  • Budget Aviation Holdings to manage, integrate Scoot, Tiger
  • Lee Lik Hsin named CEO of new budget airline holding company

Singapore Airlines Ltd., seeking to restructure its budget airline business, established a new holding company to manage its two low-fare carriers amid speculation of a consolidation in the region.

Budget Aviation Holdings Pte will control long-haul carrier Scoot and short-haul carrier Tiger Airways, allowing for greater integration and sharing of operations and planning, Singapore Air said in a statement Wednesday. Lee Lik Hsin, currently chief executive officer of Tiger Airways, will head the holding company and Singapore Air CEO Goh Choon Phong will be chairman.