Tiger Airways declawed as hopes fade for Thai budget carrier
According to Mr. Supoj Suplom, permanent secretary at Thailand’s Transport Ministry, the Ministry has rejected Tiger’s proposal to start a budget carrier with Thai Airways.
According to DMG, he cited reason as “details weren’t clear” without elaborating further.
Here’s more from DMG:
Following that, Tiger made a statement saying that it has not been informed of such a decision and that the Group was told by Thai Airways that investment approvals for Thai Tiger are still pending. Our thoughts: Our forecast remains unaffected as we have assumed the JV not to pull through. |
Photo credit: Kentaro Iemoto