type public industry airline headquarters singapore singapore key people hsieh fu hua chairman lee lik hsin ceo revenue sgd 734.0 million 2013 14 operating income sgd 231.6 million 2013 14 parent singapore airlines over 90 % 1 subsidiaries tigerair 100 % website www.tigerair.com tiger airways holdings limited sgx j7x is a singapore based holding company for a group of low cost carriers operating in the asia pacific region consisting of its flagship airline and wholly owned subsidiary tigerair tiger airways singapore and a 10 % stake in tigerair taiwan an associate company . the holding company was formed in 2007 to allow for easier management of the airline subsidiaries as well as any future expansion without having to focus on operational issues leaving those to the airlines themselves . on february 5 2016 parent company singapore airlines sia announced it held over 90 percent of shares in tiger and its plan to delist the budget airline . 1 contents 1 group companies 1.1 tigerair tiger airways singapore 1.2 tigerair taiwan 2 shareholders 3 financial performance 3.1 operating performance 4 abandoned overseas ventures 4.1 tiger airways australia tigerair australia 4.2 tigerair mandala 4.3 tigerair philippines 4.4 incheon tiger 4.5 thai tiger 5 see also 6 references group companies edit tigerair tiger airways singapore edit main article tigerair tigerair was incorporated on 12 december 2003 and began ticket sales on 31 august 2004 . services commenced on 15 september 2004 to bangkok . it operates scheduled international services from singapore changi airport and is a wholly owned subsidiary of tiger airways holdings . in 2006 the airline flew 1.2 million passengers a growth of 75 % from the previous year . the airline was the first to operate from the budget terminal in changi airport in order to achieve operating cost savings and its cost structure is modeled after ryanair . despite regional competition the airline has reiterated its current intention to remain focused on flying within a five hour radius from its singaporean base . tigerair taiwan edit main article tigerair taiwan tigerair taiwan is a taiwanese affiliate and was set up as a joint venture between china airlines and tiger airways holdings . china airlines holds a 90 % stake in the new carrier while tiger airways holds the remaining 10 % . 2 the carrier is based at taiwan taoyuan international airport and currently has 6 aircraft . 3 4 it was the first taiwan based lcc to start operations and one of the two lccs in the country the other being v air of transasia airways . shareholders edit tigerair has been publicly listed on the singapore exchange since february 2010 . as at 18 june 2014 singapore airlines holding 40 % of the issued shares is the only substantial shareholder i.e. holding at least 5 % of the issued shares of tiger airways holdings . 5 financial performance edit the following table shows the financial performance of tiger airways holdings . tiger airways holdings financial highlights 6 7 8 9 10 year ended revenue s m expenditure s m operating profit s m profit before taxation s m profit attributable to equity holders s m eps after tax diluted cents 31 march 2006 75 na 37.4 na na na 31 march 2007 171.2 na 14.3 na na na 31 march 2008 231 na 37.8 na na na 31 march 2009 378.0 425.5 47.5 47.6 50.8 14 31 march 2010 486.2 460.2 26.0 19.9 28.2 6.6 31 march 2011 622.3 575.0 47.2 57.0 39.9 6.9 31 march 2012 618.2 701.6 83.4 100.7 104.3 14.9 31 march 2013 866.0 859.0 7.0 35.0 45.4 5.5 31 march 2014 734.0 786.1 52.0 231.6 223.0 22.6 note tiger aviation holdings limited was listed on 22 january 2010 . full financial information may not be publicised prior to that date . operating performance edit tiger airways holdings operating highlights 6 7 8 9 10 year ended passengers booked thousand rpk million ask million load factor % seat capacity thousands 31 march 2009 3 167 5 245 6 459 79.4 3 989 31 march 2010 4 872 6 768 7 847 85.1 5 723 31 march 2011 5 968 8 209 9 583 85.8 6 958 31 march 2012 5 465 8 494 10 447 81.3 na 31 march 2013 6 848 10 827 12 907 83.9 na 31 march 2014 7 127 12 239 15 779 77.6 na abandoned overseas ventures edit tiger airways australia tigerair australia edit main article tigerair australia tiger airways australia was formed as the australian affiliate of tiger airways . on 9 february 2007 tiger formally announced that it hoped to become australia s third full scale domestic airline competing directly with virgin blue now virgin australia and qantas jetstar . 11 tigerair australia planned to use its australian domestic network to support an expanded international presence through the gateway of perth expanded to include melbourne . on 16 march 2007 the airline received approval from australian authorities to establish the new subsidiary 12 and established tiger airways australia pty ltd on the same day . 13 tiger airways australia began operations on 23 november 2007 . on 31 july 2008 tiger announced that it would suspend its flights from darwin on 25 october citing darwin international airport operating and fuel costs making it the most expensive airport on the tigerair australia network but did not rule out returning in the future if costs were to decrease . 14 tigerair australia resumed services to darwin on friday 18 june 2010 . 15 on 5 august 2008 the airline announced adelaide as its second operational base 16 and began services on 10 january 2010 . tiger resumed flights on 2 august 2011 after it was grounded for safety issues on a restricted schedule maintaining its hub in melbourne . tiger airways australia re opened its second base at sydney with three aircraft in july 2012 . in october 2012 virgin australia holdings parent company of competitor virgin australia announced its intention to purchase 60 % of tiger airways australia . the deal was completed in july 2013 after the airline had changed it name to tigerair australia . 17 in october 2014 virgin australia holdings announced plans to acquire the 40 % stake in tigerair australia still held by tiger airways holdings for 1 . virgin would retain the tigerair name and acquire the brand rights for tigerair to operate to some international destinations from australia . 18 19 20 tigerair mandala edit main article tigerair mandala tigerair mandala was the indonesian affiliate of tigerair . the airline was a joint venture between tiger airways holdings & saratoga investama sedaya . tigerair ventured into the indonesian market by buying the troubled mandala airlines with the saratoga group holding a majority 51.3 % and the remaining 15.7 % by previous shareholders and creditors of mandala . 21 tigerair mandala sported a hybrid livery with the name mandala on the fuselage accompanied by tigerair s stripes on the tail and wingtips . tigerair mandala started operations on thursday 5 april 2012 with one domestic route between its home base jakarta and medan the capital of north sumatra . this was followed by its first international destination when it launched the medan singapore route on 20 april 2012 22 adding a second indonesian destination to tigerair singapore network after jakarta . in may 2012 tigerair mandala flew to malaysia s capital kuala lumpur from jakarta . 23 before it ceased its operation tigerair had 35.8 % shares . tigerair mandala ceased all operations on 1 july 2014 as it was not able to sustain its operations and the airline s key shareholders decided to cease funding the carrier . 24 tigerair philippines edit main article tigerair philippines tigerair philippines was the philippines affiliate of tigerair . the joint venture was announced in november 2010 between tiger airways holdings & seair inc. which saw tigerair leasing its two airbus a319 aircraft to seair to open up new international routes out of seair s base at clark international airport . the dg coded flights were operated by seair s pilots and cabin crew using the leased aircraft which were repainted into seair s livery . seats on these flights were marketed by tiger in addition to seair s own website . 25 in february 2011 tiger airways holdings ltd parent of tigerair increased its share in the venture to 40 % 26 however in march 2014 tigerair disposed of its 40 % stake in the airline to cebu pacific though flights were still temporarily branded as tigerair philippines . 27 incheon tiger edit on 5 november 2007 tiger airways announced that it would be starting a korean based budget airline . incheon tiger was to have been a joint venture between tiger aviation and incheon metropolitan city flying to destinations in japan china mongolia and the russian far east . the airline was to be based in south korea s incheon airport and planned to begin services by 2009 ; however the project was abandoned in december 2008 . 28 thai tiger edit tiger airways and thai airways international proposed forming an airline based in thailand where thai airways international and tiger airways would own 51 % and 39 % respectively of the newly formed airline while ryanthai would hold the remaining 10 % . 29 30 operations were expected to begin in the 1st quarter of 2011 . 31 tiger airways subsequently dropped its plan to form a bangkok based low cost joint venture with thai airways after failing to get the necessary investment approvals from the thai government . as a result in december 2011 thai airways international tiger airways and ryanthai decided not to proceed with the incorporation of thai tiger . 32 see also edit tiger group destinations references edit a b sia gets over 90 % stake in tigerair ; to suspend trading in shares . channel newsasia . retrieved 9 february 2016 . china airlines to set up budget tigerair taiwan press release . taipei times . 2013 12 26 . retrieved 2013 12 16 . tigerair taiwan fleet details and history . planespotters.net . retrieved 20 october 2015 . shih kai chin . lcc war kicks off in taiwan tigerair taiwan and v air ready to take to the skies . talkairlines.wordpress.com . talkairlines . retrieved 25 september 2014 . annual report 2014 of tiger airways holdings page 104 shareholders information of the pdf file a b financial year 10 11 pdf . tiger airways holdings limited . tiger airways . retrieved 8 january 2014 . a b financial year 11 12 results pdf . tiger airways holdings limited . tiger airways . retrieved 8 january 2014 . a b financial year 12 13 pdf . tiger airways holdings limited . tiger airways . retrieved 8 january 2014 . a b financial year 13 14 pdf . tiger airways holdings limited . tiger airways . retrieved 10 may 2014 . a b operating statistics year 13 14 pdf . tiger airways holdings limited . tiger airways . retrieved 10 may 2014 . singapore s tiger airways to pounce on australian domestic market . channel newsasia . 9 february 2007 . creedy steve 16 march 2007 . growing tiger gets its stripes . the australian . tiger airways sets up aussie subsidiary . the sydney morning herald . 19 march 2007 . tiger suspends all darwin flights . northern territory news . 2008 08 01 . retrieved 2008 08 01 . tiger airways roars back to darwin pdf . tiger airways australia pty ltd. 2010 06 18 . retrieved 2010 06 18 . tiger sets up second home in adelaide . the age . melbourne . 5 august 2008 . virgin completes purchase of tigerair stake names borghetti chair . the australian . 8 july 2013 . virgin australia pays 1 for tigerair stake . the australian . 17 october 2014 . virgin australia plans full ownership of