Aussie budget airline Tigerair closes amid coronavirus pandemicChristian Fernsby ▼ | September 11, 2020
Australian low-cost airline Tigerair announced its formal closure due to pressures the company faced amid the coronavirus pandemic.
"There is no denying these are tough times for everyone in the travel and tourism industry," the statement said.
"And sadly, after nearly 13 years of operation, we have made the difficult decision to discontinue the Tigerair Australia brand."
Tigerair started its first flight in Australia in 2007 and became profitable since early 2010 after offering low-cost airfare on popular domestic routes. It has became wholly owned by Virgin Australia in 2014.
Despite finding early success Tigerair and its parent company Virgin Australia have been hard hit by the COVID-19 pandemic and both entered voluntary administration in April 2020.
Virgin Australia has been bought by U.S. firm Bain Capital in a deal expected to be finalised by the end of October. ■