From Straits Times Today
Jan 12, 2010
Tiger advances A320 delivery
SINGAPORE budget carrier Tiger Airways said on Tuesday it has brought forward the delivery of five Airbus A320 aircraft to boost its expansion into Asia and Australia.
The aircraft will now be delivered later this year and in early 2011 instead of the original dates in 2016, the firm said in a statement.
Standard Chartered Bank has completed a 'structured pre-delivery payment financing arrangement' to allow for the early delivery of the aircraft, the statement said.
'In view of the opportunities for us to grow our business in both Asia and Australia, we have accelerated delivery of these five new aircraft from their original delivery dates in 2016 to now join our fleet later this year and in early 2011,' Tiger chief executive Tony Davis said.
Tiger Airways currently operates a fleet of 17 Airbus A320 aircraft and is planning to increase that to 68 by Dec 2015.
The carrier, which is 49 per cent owned by Singapore Airlines, flies from Singapore to destinations across Asia and to the Australian city of Perth. It also operates domestic services in Australia. -- AFP