China Airlines, Tiger Air announce joint venture | Bangkok Post: news

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New budget airline to target NE Asia

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China Airlines Ltd and Tiger Airways Holdings Ltd will set up a budget airline in Taiwan, hoping to capitalise on rising travel demand in Northeast Asia. 

China Airlines will own 90% of the venture, with Tiger holding the remainder, the companies said in separate statements Monday.

The new carrier, to be named Tigerair Taiwan, will have capital of NT$2 billion ($67 million), Singapore-based Tiger said.

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