Interesting, Tiger have a pretty solid backing now.
Thai, Tiger to tie-up
BANGKOK - THAI Airways International Pcl , the nation's flag carrier, said on Sunday it plans to form a new-low fare airline with Singapore budget carrier Tiger Airways Holdings Ltd.
The two airlines will hold a joint new conference in Bangkok on Monday to announce the signing of a memorandum of understanding for the new airline, said a Thai Airways official, who declined to provide further details.
Thai Airways is 51 per cent-owned by the Thai government.
Tiger is 49 per cent-owned by Singapore Airlines and part-owned by Singapore state investor Temasek. -- REUTERS
Thai, Tiger to tie-up