Singapore-based low-cost carrier Tigerair has signed a Memorandum of Understanding with aircraft manufacturer Airbus for the purchase of up to 50 A320neo for the airline’s future fleet renewal and growth.
The deal consists of 37 firm orders, plus an option for a further 13 aircraft. The new A320neo will be powered by Pratt & Whitney PW1100 engines and will be deployed across Tigerair’s Asia-Pacific route network.
“We are pleased that Tigerair has reaffirmed its commitment to the A320 Family with this important new order,” said John Leahy, Airbus chief operating officer, customers. “This order once again highlights the unbeatable operating economics offered by our single aisle product line for airlines from both the low cost and full service markets.”
Tigerair was established in 2004, and used to comprise four airlines – Tigerair Singapore, Tigerair Mandala (Indonesia), Tigerair Australia, and Tigerair Philippines. In the wake of a strategic agreement made with Cebu Pacific (CEB) last month, Tigerair has relinquished control of its 40 per cent majority stake in Tigerair Philippines to CEB (see here). Therefore, the group now maintains operational control of the other three subsidiaries.
Collectively, Tigerair’s network extends to over 50 destinations across 14 countries within Asia-Pacific. The group’s fleet currently comprises an all-Airbus fleet of 48 A320-family aircraft, with an average age of less than three years.