Singapore-based no-frills carrier Tigerair has agreed to sublease 12 surplus Airbus A320 aircraft to Indian low-cost carrier IndiGo as part of a program to “right-size operations,” the airline said. Tiger Airways Holdings said the sublease of the 12 aircraft would enable the group to significantly reduce excess capacity and reduce its own related leasing cost. The move is part of the airline’s capacity and cost management effort, in line with its turnaround strategy. Most ...

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