China Eastern Airlines, a launch customer of the COMAC C919 signed a firm order with the state-owned aircraft manufacturer on…
Tigerair Taiwan Adding 15 New Airbus A320neo to Fleet
Low-cost carrier Tigerair Taiwan will be leasing eight Airbus A320neo aircraft and buying another seven. The leases and acquisitions are part of the Taiwanese carrier’s plan to develop new routes out of Taiwan and meet growing market demand for low-cost travel in the Asia Pacific region.
According to parent company China Airlines, Tigerair Taiwan will spend 729 million dollars to acquire the 15 narrowbody jets. Currently, the low-cost carrier operates a total of 11 Airbus A320-200s flying to 25 destinations in China, Japan, Macau, Philippines, South Korea and Thailand from Taipei, Taichung and Kaohsiung.
In addition, China Airlines will soon be launching its first-phase initial public offering of Tigerair Taiwan shares beginning the fourth quarter of 2020. Currently, China Airlines holds 90 percent of Tigerair Taiwan shares, while the rest remain with its affiliate, Mandarin Airlines.
Last year alone, Tigerair Taiwan generated 32 million dollars in profit and is currently the most profitable unit under China Airlines.
Earlier this year, China Airlines announced an intent to lease 25 A321neo aircraft for its own fleet to upgrade its regional narrowbody fleet, replacing aging Boeing 737-800s. Both carriers will complete separate contracts for Airbus jet purchases later this year.
- Former Interjet Pilots Taking On New Roles at Expanding Volaris, VivaAerobus - February 28, 2021
- Singapore Airlines Group Operates Flights with Fully-Vaccinated Crew - February 15, 2021
- Aeromexico Secures COVID-19 Testing Partnership for U.S.-Bound Travelers - January 24, 2021
United Airlines on Monday morning announced that it is adding an additional 25 Boeing 737 MAX jets to its existing…
On Friday night at around 10 p.m., Boeing's final 787 Dreamliner produced in Everett, Wa., exited the Boeing plant. The…