SIA creates new holding company for Scoot and Tiger Airways

Dino D'Amore
By Dino D'Amore May 20, 2016 14:01

SIA creates new holding company for Scoot and Tiger Airways

Singapore Airlines (SIA) has established a holding company to own and manage its budget airlines Scoot and Tiger Airways, following the delisting of Tiger Airways (which operates as Tigerair) from SGX-ST.
Lee Lik Hsin, who has led Tigerair since May 2014, will lead both budget airlines as CEO of the holding company, which has been registered as Budget Aviation Holdings Pte Ltd.
Prior to joining Tigerair, Lee spent more than 20 years in a range of roles with the SIA Group. Campbell Wilson, who has led Scoot as CEO since prior to its launch of operations in 2012, will be returning to SIA in a senior position.
SIA CEO Goh Choon Phong will be Chairman of Budget Aviation Holdings and its management will include senior staff from Scoot, Tigerair and SIA.
The holding company structure will allow for the integration and sharing of key functions, such as in sales and marketing, IT, planning and operations.
SIA took full ownership of Tigerair following a general offer that closed on 4 March. The process has now been completed with the recent delisting of the company from SGX-ST.
“We launched our general offer so that we could fully realise commercial and operational synergies between Scoot and Tigerair. We are confident that Lik Hsin and his team are up to the task,” said Goh. “The holding company structure will drive a deep integration of our low-cost subsidiaries, which are important parts of our portfolio strategy in which we have investments in both the full-service and budget aspects of the airline business.”
Goh added: “We also recognise the contribution Campbell has made through his leadership of Scoot since its establishment, successfully developing its corporate culture, brand, route network and fleet, and bringing it to profitability in a short time. We look forward to his return to SIA.”
Dino D'Amore
By Dino D'Amore May 20, 2016 14:01