Business

SIA holding company for Scoot and Tiger Airways

Kate Webster

Singapore Airlines (SIA) has established a holding company to own and manage its budget airlines Scoot and Tiger Airways, driving a deep integration between the airlines.

Lee Lik Hsin, who has led Tigerair since May 2014, will lead both budget airlines as CEO of the holding company, which has been registered as Budget Aviation Holdings Pte Ltd.

The holding company structure will allow for the integration and sharing of key functions, such as in sales and marketing, IT, planning and operations.

SIA took full ownership of Tigerair following a general offer that closed on 4 March.

Lee Lik Hsin spent more than 20 years in a range of roles with the SIA Group prior to this role.

Campbell Wilson, who has led Scoot as CEO since prior to its launch of operations in 2012, will be returning to SIA in a senior position.

SIA CEO Goh Choon Phong will be Chairman of Budget Aviation Holdings and its management will include senior staff from Scoot, Tigerair and SIA.

“We launched our general offer so that we could fully realise commercial and operational synergies between Scoot and Tigerair. We are confident that Lik Hsin and his team are up to the task,” Goh said.

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