Singapore Airlines

Singapore Airlines Limited is the flag carrier airline of Singapore and one of the largest airlines in the region by revenue and capacity. Founded in 1947 and headquartered in Singapore, the airline operates from its hub at Changi Airport, offering both passenger and cargo air transportation services. It utilizes multiple brands, primarily Singapore Airlines and its low-cost subsidiary, Scoot, to cater to a diverse customer base. The company provides comprehensive engineering services, including aircraft maintenance, repair, and overhaul, as well as pilot training and aircraft refurbishment. In addition to its core air transportation services, Singapore Airlines engages in tour wholesaling, air charters, and offers travel-related retail and booking services through an online portal. As of March 31, 2020, it operated a fleet of 203 aircraft, comprising 196 passenger planes and 7 freighters, enhancing its ability to serve regional and cross-continental routes effectively.

JoAnn Tan

CFO

Past deals in Aviation

Vistara

Private Equity Round in 2019
Vistara is a joint venture of Tata Sons Limited and Singapore Airlines Limited (SIA), wherein Tata Sons holds 51% stake in partnership and Singapore Airlines owns 49% stake. The company is registered as TATA SIA Airlines Limited. In 2013, two legendary brands, Tata Sons and Singapore Airlines, decided to fulfil a long-cherished shared dream to bring forth a distinguished flying experience to air travellers in India. With its strong historical ties with aviation, the Tata group had long wished to re-enter the aviation sector, after Tata Airlines was renamed Air India and eventually, nationalised. Both, the Tata group and Singapore Airlines were also firm believers in the growth potential of the Indian aviation sector and hence tried to enter the market in the past; first, in 1994 by setting up a joint venture to start an airline in India and then in 2000, teaming up to purchase stakes in Air India. However, after the lifting of foreign investment restrictions in 2012, the partners once again sought approval for a tie-up, which it obtained in October 2013. On November 5, 2013, Vistara’s holding company, TATA SIA Airlines Limited, was incorporated.

Vistara

Private Equity Round in 2018
Vistara is a joint venture of Tata Sons Limited and Singapore Airlines Limited (SIA), wherein Tata Sons holds 51% stake in partnership and Singapore Airlines owns 49% stake. The company is registered as TATA SIA Airlines Limited. In 2013, two legendary brands, Tata Sons and Singapore Airlines, decided to fulfil a long-cherished shared dream to bring forth a distinguished flying experience to air travellers in India. With its strong historical ties with aviation, the Tata group had long wished to re-enter the aviation sector, after Tata Airlines was renamed Air India and eventually, nationalised. Both, the Tata group and Singapore Airlines were also firm believers in the growth potential of the Indian aviation sector and hence tried to enter the market in the past; first, in 1994 by setting up a joint venture to start an airline in India and then in 2000, teaming up to purchase stakes in Air India. However, after the lifting of foreign investment restrictions in 2012, the partners once again sought approval for a tie-up, which it obtained in October 2013. On November 5, 2013, Vistara’s holding company, TATA SIA Airlines Limited, was incorporated.

DFASS SATS

Acquisition in 2018
DFASS SATS Pte. Ltd. provides inflight duty-free and duty-paid sales, supplies liquor for inflight pouring services, and operates ground-based duty-free and duty-paid retail sales.

Tiger Airways Holdings

Acquisition in 2016
Tigerair, established in 2004, is a leading Singapore-based budget carrier that offers affordable travel options and a seamless customer experience. Tigerair comprises four airlines, namely Tigerair Singapore, Tigerair Australia, Tigerair Philippines and Tigerair Mandala. Collectively, the Group's network extends to over 50 destinations across 13 countries in the Asia Pacific. As at 31 December 2013, Tigerair operates a fleet of 50 Airbus A320-family aircraft, averaging less than three years of age.

Virgin Atlantic Airways

Secondary Market in 1999
Virgin Atlantic Airways is a British airline based in Crawley, United Kingdom, offering air transportation services to over 30 destinations worldwide. The airline operates flights to major cities including London, Edinburgh, Glasgow, Manchester, Delhi, Hong Kong, Shanghai, Dubai, Johannesburg, and Lagos. In addition to passenger transportation, Virgin Atlantic also provides terminal operations and related services, facilitating global travel for its customers.
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