Taiwan’s China Airlines and Singapore’s Tiger Airways Holdings will set up a budget carrier, the Wall Street Journal reported Sunday. Tiger Taiwan, which will have a registered capital of NT$2 billion (US$67.5 million), will begin operations by the end of 2014. China Airlines will hold 90 percent of the venture. Foreign investors are restricted to combined stakes of less than 50 percent in Taiwan airlines. A single foreign investor may hold no more than 25 percent. Low-cost carriers account for just 5.7 percent of traffic in Taiwan, according to its aviation regulator. In Asia Pacific, that share is about 25 percent.
– Contact HKEJ at [email protected]