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Singapore's Tiger, Thai Airways not going ahead with JV
SINGAPORE |
SINGAPORE Dec 7 (Reuters) - Singapore low-cost carrier Tiger Airways said on Wednesday it has dropped plans for a joint venture budget airline with Thai Airways International PCL due to its failure to get the necessary government approvals.
"As a result, Thai, Tiger Airways and Ryanthai have, today, decided not to proceed with the incorporation of Thai Tiger," the Singapore carrier said in a statement.
Ryanthai, the third party in the proposed venture, is linked to the family behind Irish budget carrier RyanAir.
Tiger, which is part-owned by Singapore Airlines, and Thai Airways first announced their plans for the joint venture in August last year.
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