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.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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