By Jo Tweedy
Last updated at 10:50 AM on 3rd August 2010
A new low-cost airline is set to open up the Far East for travellers with Vietnam and Cambodia among the destinations that could be on offer.
The carrier, Thai Tiger, will be a joint venture by Thai Airways and Singapore’s Tiger Airways and will launch next year.
A roar-ing success? Tiger Airways CEO Tony Davis (right) and President of Thai Airways Piyasvasti Amranand will launch Thai Tiger in early 2011
Based in Bangkok, one of South East Asia's major hubs, the airline will fly to destinations within five hours of the Thai capital.
A budget airline revolution much like the one sparked by easyJet across Europe is currently taking place across the Far East with Malaysian carrier Air Asia and Jetstar, owned by Qantas, already offering low cost fares.
The arrival of such airlines has seen Thai Airways' regional market share in terms of passenger numbers drop, a situation that it is hoped will be remedied by Thai Tiger.
The co-owned venture will see Thai Airways take a 51 per cent share of the new airline while Tiger Airways will own 49 per cent.
Tiger Airways President and Chief Executive Tony Davis said possible destinations would be revealed at a later date although Cambodia and Vietnam, both increasingly popular with overseas tourists, would seem obvious choices.
Flights are expected to begin in the first three months of 2011.
Read more: http://www.dailymail.co.uk/travel/article-1299885/Thai-Airways-Tiger-Airways-launch-budget-airline-Bangkok.html#ixzz0vgPEdopI