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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Singapore Airlines budget arm drops Korea expansion Reuters - 1 hour 25 minutes ago SINGAPORE, Dec 30 - Tiger Airways, a budget carrier 49-percent held by Singapore Airlines <SIAL.SI>, said on Tuesday it has dropped plans to set up a low-cost airline in Korea due to the global economic slowdown. Tiger had previously announced plans to form a joint venture airline with South Korea's Incheon Metropolitan City that would have operated out of the city's international airport. "The recent global economic situation and continued regulatory uncertainty in Korea have meant that both parties have concluded that the climate is not conducive to the successful launch of a new airline at this time," the Singapore budget carrier said in a statement. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Official: US supply route closed in NW PakistanAP - 28 minutes ago AVA says China—made biscuits sold in Singapore safeChannel NewsAsia - 55 minutes ago Activists calling for release of Suu Kyi arrestedAP - 58 minutes ago Raffles City’s management assisting police in Cortina investigationsChannel NewsAsia - 1 hour 1 minute ago Hasina wins Bangladesh's 1st election in 7 yearsAP - 1 hour 11 minutes ago Most Popular – Asia Pacific Viewed Actress Jennifer Aniston appears naked in GQ magazine Obama economic plan to cost between 675 and 775 bln: aides Two thousand and strange: offbeat stories of the year Natural disasters 'killed over 220,000' in 2008 International community piles pressure on Israel View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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