Singapore budget carrier says bookings up despite crisis
A Singapore-based budget airline said Thursday bookings are up despite an escalating global economic crisis.
Matthew Hobbs, a spokesman for Tiger Airways, said travellers are seeking cheaper alternatives to allow them to fly by air.
"We are not seeing a decline... We are seeing that people are substituting from premium carriers to budget carriers like Tiger because they still need to travel," Hobbs told AFP.
"Forward bookings show that people are still booking and they are still travelling but they are looking for the best price."
Hobbs said budget airlines had historically experienced growth during crisis periods such as in the aftermath of the September 11, 2001 attacks in the United States.
While Tiger Airways will monitor the travel market closely, Hobbs said the airline would proceed with plans to expand flights and its fleet.
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