Budget Aviation Holdings Explained

Budget Aviation Holdings Pte Ltd
Type:Private
Location City:Singapore
Location Country:Singapore
Key People:Goh Choon Phong (Chairman)
Lee Lik Hsin (CEO)
Industry:Airline
Parent:Singapore Airlines
Subsid:Scoot (100%)

Budget Aviation Holdings is a Singapore-based holding company for a low-cost carrier operating in the Asia-Pacific region, consisting of Scoot.[1]

The holding company was formed on 18 May 2016 to allow for easier management of the airline subsidiaries following the delisting of Tiger Airways from the Singapore stock exchange.[2]

Notes and References

  1. Web site: Singapore Air Forms New Company to Manage Two Budget Carriers. Bloomberg. 21 May 2016.
  2. SIA ESTABLISHES HOLDING COMPANY FOR SCOOT AND TIGER AIRWAYS. 18 May 2016. 19 May 2016. https://web.archive.org/web/20160919002313/http://infopub.sgx.com/FileOpen/NE-1616.ashx?App=Announcement&FileID=405465. 19 September 2016. dead.