
Tigerair announced it will cancel the reservation of 9 A320 aircraft from a large order placed in 2007. These 9 aircraft were originally scheduled for delivery in 2014 and 2015.
40% of Tigerair's shares are held by Singapore Airlines. The company has a reason for launching a long-term aircraft replacement and expansion plan, as Tigerair is currently trying to reverse three consecutive years of losses.
In January of this year, Tigerair sold its Tigerair Philippines business to Cebu Pacific.





