Chennai: Early in December, low-fare airline SpiceJet signed an interline agreement with Singapore-based Tigerair that will allow the Indian carrier to provide connectivity to Singapore from Hyderabad. The deal would also mean greater access for Tigerair to the Indian market.
The agreement allows SpiceJet passengers from 14 destinations to touch down in the Andhra Pradesh capital and take Tigerair's Hyderabad-Singapore service from January, while Tigerair flyers from Singapore can take SpiceJet flights from Hyderabad to any of the 14 destinations agreed to under the deal.
Investors welcomed the move, even pushing SpiceJet shares up 12 per cent after the announcement. Among other things, the partnership has given SpiceJet and Tigerair first mover advantage in the India-Southeast Asian region that is fast becoming a global hot zone for low-cost carriers.
Read News In Full 01/01/14 T E Narasimhan/Business Standard
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