May 25, 2011
Singapore Airlines said on Wednesday it will set up a low-fare airline operating wide-body aircraft on medium and long-haul routes within the next 12 months.
The move comes as the premium carrier faces competition from other players in Asia and the Middle East catering to high-end passengers as well fast-expanding budget airlines in Asia.
Singapore Airlines has a stake in Singapore-based budget carrier Tiger Airways and owns regional carrier SilkAir.
(Reuters)
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