Incheon Tiger Airways plans dropped
Tiger Aviation has confirmed that, following consultations with Incheon Metropolitan City, plans for the establishment of Incheon Tiger Airways have been brought to a close. The project involved a joint venture agreement between Tiger Aviation and Incheon City and would have resulted in the establishment of a new Korean low-fare airline operating from Incheon’s international airport.
The recent global economic situation and continued regulatory uncertainty in Korea have meant that both parties have concluded that the climate is not conducive to the successful launch of a new airline at the moment.
Tiger Aviation CEO, Tony Davis, remarked, “We are clearly disappointed that we will cease preparations for the establishment of Incheon Tiger Airways. We have developed an excellent working relationship with our partners in Korea and we are particularly grateful for the support from Incheon City Mayor, Ahn Sang-Soo, during the project.”
Tiger Aviation confirmed that aircraft due for delivery from Airbus during 2009 and 2010 will be deployed on the Tiger Airways network in Asia and Australia.