Thai Airways and Singapore airline Tiger Airways are set to form a new low cost carrier.
The new airline will be called Thai Tiger, and is due to start flying out of Bangkok Suvarnabhumi airport early next year.
While destinations are yet to be announced, the short haul point-to-point routes will be operated using Airbus A320 aircraft, flying within a five hour radius.
Tony Davis, Tiger Airways' CEO did say, however, that Bangkok is a key gateway to the whole of South East Asia, and that spreading its "paw-print" would mean "greater economies of scale" for the airline.
"From its base at Suvarnabhumi Airport, Thai Tiger will be well positioned to also serve destinations in North Asia and the Indian sub-continent," he said.
Thai Airways will own 51% of the company, with Tiger Airways owning the remaining 49%.
Piyasvasti Amranand, Thai Airway's President, said, "With its disciplined approach to the low-cost model, Tiger Airways has proven that it has the right approach to competing effectively in the growing low fare travel market in Asia.
Amranand said that due to liberalization policies, he expects to see growth in the low cost carrier market in Asia.
"More people will have access to new low fare, point to point services, giving a big boost to tourism and employment," he said.
Tony Davis, Tiger Airways' CEO did say, however, that , Bangkok is a key gateway to the whole of South East Asia.
"From its base at Suvarnabhumi Airport, Thai Tiger will be well positioned to also serve destinations in North Asia and the Indian sub-continent," he said.
"Spreading our paw-print means greater economies of scale for Tiger Airways, which in turn enables us to lower costs and fares even further."
www.tigerairways.com www.thaiairways.com