Budget Flights in/out of Korea soon…

Just perusing the Herald and caught this article about Tiger Airways and the city of Incheon forming a JV to provide cheap flights in and out of Korea! What better news travelors? Definately beats paying the high fares to the local price gougers. GO SINGAPORE AIRLINES!!!!

Tiger Airways Pte, the budget airline unit of Singapore Airlines Ltd., will set up an airline in Korea in partnership with the Incheon city government to take advantage of growing passenger traffic in Asia. Tiger Airways will own 49 percent of the carrier and the Incheon city government will own 51 percent, Singapore-based Tiger said in a statement yesterday. The new airline will be called Incheon Tiger Airways. Closely held Tiger has been expanding flights to Australia, India and China as economic growth in the Asia Pacific region enables more people to fly. The region`s airline passenger traffic growth will likely outpace the global average until 2010, according to the International Air Transport Association. “We are poised to be in a strong position to tap emerging travel trends in the region,” Tony Davis, Tiger`s chief executive officer, said in the statement. Tiger, 49 percent owned by Singapore Airlines, still needs government approval to start the airline, the statement said. The venture expects to start flights in 12 months and will have an initial fleet of five Airbus SAS A320 aircraft, Davis said. (Bloomberg)

I just hope the gov’t doesn’t try and limit the huge tourism deficit already in place by blocking this deal. People…this is good for everyone!