September 21, 2014 4:49 PM ET

Airlines

Company Overview of Scoot Pte Ltd.

Company Overview

Scoot Pte Ltd. operates as an airline company. It operates medium and long haul no-frills flights between Singapore, Sydney, Perth, Gold Coast, Bangkok, Taipei, Tokyo, Tianjin, Shenyang, Nanjing, Qingdao, Seoul, and Hong Kong. The company was founded in 2011 and is based in Singapore. Scoot Pte Ltd. operates as a subsidiary of Singapore Airlines Limited.

Changi Airport Post Office

PO Box 89

Singapore,  918143

Singapore

Founded in 2011

Phone:

65 3158 3388

Key Executives for Scoot Pte Ltd.

Chief Executive Officer
Age: 43
Compensation as of Fiscal Year 2014.

Scoot Pte Ltd. Key Developments

Scoot and Nok Air Provides Update on the Joint Venture

Singapore Airlines Limited refers to its announcement on 16 December 2013 regarding the Memorandum of Understanding entered into between its wholly-owned subsidiary, Scoot Pte. Ltd. and Nok Airlines Public Company Limited for the establishment of a low cost carrier based in Bangkok to be named NokScoot. The company announced that Scoot and Nok Air have agreed on the final structure of the JV Airline. A Joint Venture Agreement (JVA) has been signed between Scoot, Nok Mangkang Co. Ltd., a Special Purpose Vehicle set up by Nok Air (Nok Mangkang), and Pueannammitr Co. Ltd., a company formed by the management of Nok Air (PNM), to set up the JV Airline by way of acquiring an existing company, Pete Air Co. Ltd. (JVC), which is already holding an Air Operator's Licence. The JVC will be subsequently renamed NokScoot Airlines Co. Ltd. Nok Mangkang and Scoot will each initially own 43.75% of the share capital of the JVC. Arising from subsequent restructuring within the JVC, the ultimate shareholding of the JVC will be 49% held by Scoot, 49% held by Nok Mangkang and 2% held by PNM. The JV parties have agreed to invest an initial aggregate share capital of THB 2 billion (equivalent to approximately SGD 80 million) in the JVC in proportion to their respective shareholdings.

Tigerair Partners with China Airlines, SpiceJet and Scoot to Grow Network

Tigerair is planning to accelerate business growth in other key Asian markets such as Taiwan, Japan, South Korea, and India, even as its Singapore and South-east Asian operations continue in the red on low margins and falling passenger yields. The company announced strategic alliances with three airlines - China Airlines, SpiceJet and Scoot - to expand its network and commercial cooperation. The airline said that it plans to form a joint venture with China Airlines to set up Tigerair Taiwan. Under the JV agreement, Tigerair will hold a one-tenth stake in the new carrier, or TWD 200 million (SGD 8.5 million) of the paid-up capital of TWD 2 billion. Although Tigerair Taiwan will operate under the Tigerair brand and will use Tigerair's website as its main sales and distribution platform, it will be independently managed. It remains subject to Taiwanese regulatory approvals. Tigerair also signed a three-year interline agreement with SpiceJet to offer both airlines' customers the benefits of connecting onto each other's flights. Starting from Jan. 1, customers travelling on SpiceJet's domestic network from 14 Indian cities can enjoy seamless connection through Hyderabad's Rajiv Gandhi International Airport onto Tigerair's Singapore-bound flights. The reverse for Tigerair customers from Singapore will come into effect from Jan. 31. The 14 Indian cities are Ahmedabad, Bhopal, Mumbai, Kolkata, Coimbatore, Delhi, Goa, Indore, Mangalore, Madurai, Pune, Rajahmundry, Tirupati, and Visakhapatnam. A third agreement was signed with interline partner Scoot to deepen their collaboration in commercial activities and network coordination. The existing cooperation enables passengers from outside Singapore to buy itineraries covering the services of both airlines, for example Jakarta to Singapore (operated by Tigerair), and onwards from Singapore to Tianjin (operated by Scoot).

Scoot Pte Ltd Presents at World Low Cost Airlines Asia Pacific, Jan-31-2013 through Feb-01-2013

Scoot Pte Ltd Presents at World Low Cost Airlines Asia Pacific, Jan-31-2013 through Feb-01-2013. Venue: Marina Bay Sands, Singapore. Presentation Date & Speakers: Feb-01-2013, Steven Greenway, Head of Commercial. Jan-31-2013, Campbell Wilson, CEO.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 30, 2014
--
Merger/Acquisition
April 9, 2014
Pete Air Co., Ltd.
 

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