Singapore’s Tigerair has signed a memorandum of understanding (MOU) with Airbus for the purchase of up to 50 A320neo aircraft for future fleet renewal and growth.
The MOU covers firm orders for 37 aircraft, plus options on 13 more. Tigerair’s Airbus A320neo jets will be powered by Pratt & Whitney PurePower PW1100G-JM engines and will be operated by the airline throughout its Asia-Pacific route network.
“We are delighted to conclude this agreement, which will allow us to introduce the latest single-aisle aircraft into our fleet,” said Koay Peng Yen, Tigerair Group’s CEO. “This agreement also underscores Tigerair’s commitment to continue building on our leadership position in the budget travel sector at a measured pace.”
Tigerair, established in 2004, comprises three airlines ‒ Tigerair Singapore, Tigerair Mandala (based in Indonesia) and Tigerair Australia.
Collectively, the group’s network extends to more than 50 destinations in 14 countries in the Asia-Pacific region. The Tigerair Group currently operates an all-Airbus fleet of 48 Airbus A320-family jets, the aircraft in its fleet averaging less than three years of age.
The A320 family has won orders for more than 10,200 aircraft to date and more than 6,000 examples of A320-family jets (including A318s, A319s, A320s and A321s) have been delivered. The latest A320-family version, the Airbus A320neo, is scheduled to enter service in 2015.
It incorporates new engines (customers and Sharklet wing-tip devices which together deliver up to 15 per cent in fuel savings compared with existing A320-family jets, according to Airbus.
By the end of February 2014, firm orders for the Airbus A320neo family (which includes the A319noe, the A320neo and the A321neo) stood at 2,667 aircraft from 50 customers around the globe.