Tiger Airways Reports January 2010 Traffic

In January 2010, Tiger Airways sold a total of 428,000 seats across its network of services in Asia and Australia, up 53% from 279,000 passengers in January 2009. For the twelve months ending 31 January 2010, sales totalled 4.5 million seats, up 42.9% from the 3.1 million passengers for the preceding twelve months.

For the month of January 2010, 86% of total seats available across the Tiger Airways network were sold, compared with 74% in January 2009.

Tony Davis, President and CEO of Tiger Airways Holdings, said, “Later this month, we are taking delivery of our 19th aircraft, the second Airbus A320 that we will own rather than lease. The increased fleet will enable us to serve even more destinations. Greater China is a very attractive market that we are keen to expand beyond our current network of 5 destinations, including our recently commenced services to Hong Kong. With increasing numbers of international travellers and the great support that we have enjoyed from passengers, authorities and airports, we are looking to both increase frequencies on current routes and add new destinations. We are currently evaluating the potential to commence services to a number of additional destinations including cities such as Hangzhou, Shantou, Taipei and Xiamen, and hope to finalise plans in the early part of the Year of the Tiger.”

Tiger Airways currently flies from Singapore to five Greater China destinations – Guangzhou, Haikou, Hong Kong, Macau and Shenzhen.

Tiger Airways Holdings will release its third quarter financial results (quarter ending 31 December 2009) on 25 February 2010, its first quarterly financial results announcement as a listed company.

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