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"THE BUSINESS TIMES Companies & Markets - [SINGAPORE] Singapore Airlines Ltd, seeking to restructure its budget airline business, established a new holding company to manage its two low-fare carriers amid speculation of a consolidation in the region.. Read more at The Business Times.", www.businesstimes.com.sg
"Budget carriers Scoot and Tigerair will soon be run by one chief executive, paving the way for closer ties and possibly the eventual merger of both airlines. A holding company will likely be set up to house and run the two Singapore Airlines (SIA) subsidiaries, sources said.. Read more at straitstimes.com.", www.straitstimes.com
"SINGAPORE — A new holding company established by Singapore Airlines (SIA) has been set up to manage its two budget airlines, Scoot and Tiger Airways, announced the carrier on Wednesday (May 18). Budget Aviation Holdings will allow the two carriers to share functions such as sales, marketing, IT, planning and operations, said the statement. The company will be led by Mr Lee Lik Hsin, who was previously the CEO of Tigerair, a post he has held since May 2014.", www.todayonline.com
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