Tigerair

Tigerair: signed a JV agreement with China Airlines to establish Tigerair Taiwan, where Tigerair will hold a 10% stake. The new budget airline will operate under the Tigerair brand, utilizing the Tigerair website as its main sales platform, but will be managed as a standalone entity with a separate Board and Management team. Separately, Tigerair has signed a three-year interline agreement with SpiceJet Ltd, allowing a seamless connection between 14 Indian cities (SpiceJet’s network) and Singapore (via Tigerair) connecting through Hyderabad’s Rajiv Gandhi International Airport. The airline also signed an alliance with Scoot to further align commercial activities, enabling passengers from outside Singapore to purchase itineraries involving the services of both airlines. Management pointed that this could include the joint operation, sales and marketing of parallel routes, which will offer customers increased flexibility and flight options. It could also pave the way for seamless integration of systems and improved connectivity. The stock currently trades about 1x P/B