TIGER AIRWAYS HOLDINGS LIMITED APPOINTS CHIN YAU SENG AS NEW CHIEF EXECUTIVE OFFICER

Monday 29 August 2011: The Board of Tiger Airways Holdings Limited (the Company) has appointed Mr. Chin Yau Seng as Chief Executive Officer (CEO) of the Company with effect from 1 November 2011. Mr. Chin is currently the Company’s Acting CEO.

Mr. Chin’s appointment as the Tiger Airways Group CEO is a logical decision for the Group, given his background and experience. Mr. Chin was formerly the CEO of Silk Air and has more than 15 years service in the Singapore Airlines Group.

Mr. Chin, aged 40, will succeed Mr. Tony Davis who will be leaving Tiger Airways Group on 1 November 2011 to take up a new position outside of the Company. Mr. Davis joined the Group as the Chief Executive Officer of Tiger Airways Pte Ltd (now known as Tiger Airways Singapore Pte Ltd) ) in January 2005 and was appointed to his current position upon reorganisation of the Group and incorporation of the Company in February 2007. He is currently seconded to Tiger Airways Australia Pty Limited as its CEO and has recently overseen the airline successfully resume domestic operations in Australia.

“Tony’s most recent job was to get Tiger Airways Australia back in the air. He has worked tirelessly, together with our Australia management team to relaunch the airline resulting in the resumption of Tiger Airways Australia’s services on 12 August,” said Mr. Chin.

“The Company had maintained that Tony would stay on in his current role as Tiger Airways Australia’s CEO until the airline was able to resume services in Australia and was in a position to implement its recovery plan. The recovery plan has now begun and reinforces the airline’s commitment to safety and operational excellence, which includes ensuring that its flights are reliable and punctual. The Board is appreciative of the efforts that Tony and the Australia management team had put in to get Tiger Airways Australia back in the air.”

The Company is in the process of appointing a permanent replacement for Mr. Davis as CEO of Tiger Airways Australia, and an announcement regarding this appointment will be made in due course.

Mr. J Y Pillay, Chairman of Tiger Airways Holdings Limited, said “I would like to thank Tony for his efforts and contributions over the past seven years. We wish him every success in his future endeavours”.

Mr. Davis will also cease to be an Executive Director of the Company from 1 November 2011. His decision to leave the Company at this time supports his long term plan to return and reside in Europe.