Tiger Airways announced it will buy a 32.5 percent stake in the Philippine based low-cost carrier South East Asian Airlines (SEAir), enabling both carriers to strengthen their networks in the region.
The partnership will help Tiger Airways gain a foothold in the robust Philippine market, a move earlier taken by competitor Air Asia, which set up AirAsia Philippines with a local consortium (see news), as well as aid SEAir’s goal to build an international profile.
Tony Davis, chief executive and president of Tiger Airways, said: “The Philippines represents a major market opportunity for low-cost airlines.”
Avelino Zapanta, president and chief executive officer of SEAir, added that Tiger Airways as a shareholder would aid the expansion of the carrier’s international network.
Earlier this month, SEAir started up flights to Hong Kong (see story here) from its Clark Airport base, its second overseas destination after Singapore. Good passenger response has led to a double daily service from April 15. The carrier is now eyeing Taiwan, Vietnam, Korea and Thailand as its next stops and planning to serve more domestic destinations.