| Alliance: | Value Alliance |
| Size: | 150 |
| Launch Date: | [1] |
| Full Members: | 5 |
| Airports: | 187 |
| Countries: | 30 |
| Annual Passengers: | 92 |
| Fleet: | 184 |
| Daily Flights: | 341 |
| Alliance Slogan: | Asia Pacific's Best Value Airlines [2] |
| Website: | valuealliance.com |
Value Alliance is an airline alliance formed in May 2016. It is the world's second alliance, after the U-FLY Alliance, to consist only of low-cost carriers (LCCs). It is the first pan-regional LCC alliance. It comprises five, originally eight, Asia-Pacific airlines: Cebu Pacific, Cebgo, Jeju Air, Nok Air and Scoot.
Value Alliance is the fourth-largest airline alliance in terms of passengers, flights, destinations, combined fleet and members, ahead of U-FLY Alliance and Vanilla Alliance.[3]
The Value Alliance was established by eight airlines in the Asia-Pacific region on 16 May 2016.[4] The alliance allows passengers to book flights with all of the eight carriers through each partner website, to create itineraries across the region through a single booking.[5] The combined carriers collectively serve more than 160 destinations, primarily in the Asia-Pacific region,[5] with a total fleet of 176 aircraft and an annual passenger total of 47 million in 2015.[6]
, the following airlines are members of Value Alliance:[6]
| Member airline | Joined | Notes |
|---|---|---|
| Cebu Pacific | 16 May 2016 | |
| Cebgo | 16 May 2016 | A subsidiary of Cebu Pacific |
 Jeju Air | 16 May 2016 | |
 Nok Air | 16 May 2016 | |
| Scoot | 16 May 2016 | |
| Member airline | Joined | Exited | Notes |
|---|---|---|---|
| NokScoot | 16 May 2016 | 26 June 2020 | Liquidated due to the COVID-19 pandemic. |
 Tigerair Australia | 16 May 2016 | 2018 | Operations suspended due to the COVID-19 pandemic. |
| Tigerair | 16 May 2016 | 25 July 2017 | Merged into Scoot on 25 July 2017. |
 Vanilla Air | 16 May 2016 | 30 March 2019[7] | Merged into Peach Aviation on 26 October 2019. |