Singapore's Tiger, Thai Airways not going ahead with JV

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SINGAPORE | Wed Dec 7, 2011 5:37am EST

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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