Budget Aviation Holdings is a Singapore-based holding company for a low-cost carrier operating in the Asia-Pacific region, consisting of Scoot.[1]
The holding company was formed on 18 May 2016 to allow for easier management of the airline subsidiaries following the delisting of Tiger Airways from the Singapore stock exchange as the result of Tigerair’s complete acquisition by Singapore Airlines.[2]
References
- Singapore Air Forms New Company to Manage Two Budget Carriers Bloomberg, retrieved 21 May 2016^
- SIA ESTABLISHES HOLDING COMPANY FOR SCOOT AND TIGER AIRWAYS 18 May 2016, retrieved 19 May 2016^