International low fare airline Tiger Airways announced that it formally incorporated its new airline, Tiger Airways Australia Pty Limited, in the Northern Territory on Friday, March 16, 2007.

This followed the formal approval from Australia's Foreign Investment Review Board (FIRB) last week for the airline to proceed with the setting up of its wholly owned Australian subsidiary.

"We are very happy to formally incorporate Tiger Airways Australia in the Northern Territory. Tiger Airways already enjoys a strong relationship with Territorians, local government, the airport operator and the business community across the Territory - all of whom have wholeheartedly supported the development of Tiger Airways international services from Darwin. Tiger Airways' first destination in Australia from Singapore was Darwin and we look forward to the further expansion of our business in the Territory," said Tiger Airways CEO Tony Davis.

However Davis made it clear that no decision has been taken yet on where Tiger Airways Australia intends to set up its operational headquarters, base its aircraft or the network of services to be operated. That process is ongoing and a decision on the location of the headquarters is due in the next few weeks.