A unit of Singapore's Tiger Airways Holdings Ltd. seeking approval from Philippine authorities to fly to gambling paradise Macau from the Ninoy Aquino International Airport.
Tiger Airways Philippines, a budget airline which used to be called Southeast Asian Airlines Inc., is seeking five times weekly entitlements from the Civil Aeronautics Board (CAB).
In its application, Tiger Airways Philippines sought regulatory approval to reallocate 900-seat entitlements to Macau under the confidential memorandum of understanding Macau and Manila signed last June.
The airline has entitlements to Singapore, Bangkok, Hong Kong as well as Philippine destinations Clark, Laoag, Bacolod, Kalibo, Cebu, Iloilo, Tacloban, and Puerto Princesa. It operate out of the Clark International Airport and NAIA Terminal 4.
In its 2013 earnings guidance, Tiger Airways Philippines expects revenues growing three times over to to P5 billion.
“... We are confident this growth can be supported by the bullish tourism targets of the DOT and the increasing number of travelers from wider segments of the society,” president and CEO Olive Ramos earlier said, noting the numbers reflect a 5 percent market share in the budget airline segment from 3 percent in 2012. — VS, GMA News