Singapore's Tiger Airways plans to double its fleet size over the next two years.

It will increase its fleet to 33 Airbus A320s by March 2012, up from 19 currently, says the low-cost carrier's CEO Tony Davis.

Seven aircraft will arrive during each fiscal year for the next two years, says a Tiger spokesman. They plan to base the aircraft in both Singapore and Australia.

The airline plans to operate 68 A320 family aircraft eventually by December 2015, and has 49 on order.

Tiger Airways A320-200
 © Europix/

Tiger, which recently raised S$247.7 million ($178.5) from its initial public offering, is using some of the funds to acquire new aircraft.

It has moved away from leasing aircraft to owing them, and recently received its second purchased A320.

The airline will continue to buy aircraft instead of leasing them to be more cost-efficient, says Davis.

Source: Air Transport Intelligence news