Tiger Airways has announced the appointment of Koay Peng Yen as the company’s new Group Chief Executive Officer, effective from 10 August. Mr Koay will take over from Chin Yau Seng, who will be returning to Singapore Airlines.

 

Mr Peng will face the daunting task of turning around the fortunes of the struggling company, despite having no previous experience in the airline business, a fact that Tiger Chairman J Y Pillay was quick to downplay.

 

“Notwithstanding that he is entering the airline industry for the first time, the Board assesses that his proven leadership and strategic skills, capacity for incisive thinking and facility for building cohesive teams are able to propel the Group to greater and sustainable heights,” Mr Pillay said.

 

Mr Peng has held a number of senior executive roles, including Executive Director of Pacific Carriers and PaxOcean Engineering Group.

 

Mr Pillay also paid thanks to Mr Seng, who’s return to the group’s parent group, Singapore Airlines, sparked the international search for a replacement CEO.

 

“On behalf of the Board, I extend our deep appreciation to Yau Seng for coming in at a critical period in the Company’s history, and stabilising the Group through a tumultuous period. He set the Group on a course of steady progress and improved governance,” added Mr Pillay.

 

Mr Koay will be proposed for election as Director at the Tiger AGM on the 31st of July.