Value Alliance

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Value Alliance
Value Alliance Logo.png
Launch date16 May 2016;5 years ago (2016-05-16) [1]
Full members5
Destination airports187
Destination countries30
Annual passengers (M)92
Fleet size184
Alliance sloganAsia Pacific's Best Value Airlines [2]

Value Alliance is an airline alliance formed in May 2016. It is the world's second alliance (after the U-FLY Alliance) to consist only of low-cost carriers (LCCs). However, it is the first pan-regional LCC alliance. It comprises five (originally nine) Asia-Pacific airlines: Cebu Pacific, Cebgo, Jeju Air, Nok Air and Scoot.


Value Alliance is the fourth-largest airline alliance in terms of passengers, flights, destinations, combined fleet and members, ahead of U-FLY Alliance and Vanilla Alliance. [3]


The Value Alliance was established by eight airlines in the Asia-Pacific region on 16 May 2016. [4] The alliance allows passengers to book flights with all of the eight carriers through each partner website, to create itineraries across the region through a single booking. [5] The combined carriers collectively serve more than 160 destinations, primarily in the Asia-Pacific region, [5] with a total fleet of 176 aircraft and an annual passenger total of 47 million in 2015. [6]

Member airlines

Current members

Cebu Pacific Air, Airbus A320-200 RP-C3242 NRT (27660738625).jpg
Nok Air Boeing 737-800 Prasertwit-2.jpg
Scoot Boeing 787 on finals at Singapore Changi Airport.jpg
HL7779@HKG (20181006123151).jpg
Cebu Pacific, Nok Air, Scoot and Jeju Air are four of the five current founding members of the alliance .

As of June 2020, the following airlines are members of Value Alliance: [6]

Member airlineJoinedNotes
Flag of the Philippines.svg Cebu Pacific 16 May 2016
Flag of the Philippines.svg Cebgo 16 May 2016A subsidiary of Cebu Pacific
Flag of South Korea.svg Jeju Air 16 May 2016
Flag of Thailand.svg Nok Air 16 May 2016
Flag of Singapore.svg Scoot 16 May 2016

Former members

Member airlineJoinedExitedNotes
Flag of Thailand.svg NokScoot 16 May 201626 June 2020Defunct on 26 June 2020.
Flag of Australia (converted).svg Tigerair Australia 16 May 20162018Defunct on 25 March 2020
Flag of Singapore.svg Tigerair 16 May 201625 July 2017Merged into Scoot on 25 July 2017.
Flag of Japan.svg Vanilla Air 16 May 201630 March 2019 [7] Merged into Peach Aviation on 26 October 2019.

Related Research Articles

Airline Company that provides air transport services for travelling passengers and freight

An airline is a company that provides air transport services for traveling passengers and freight. Airlines utilize aircraft to supply these services and may form partnerships or alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or charter operators.

Airline alliance Cooperation agreement between two or more airlines

An airline alliance is an aviation industry arrangement between two or more airlines agreeing to cooperate on a substantial level. Alliances may provide marketing branding to facilitate travelers making inter-airline codeshare connections within countries. This branding may involve unified aircraft liveries of member aircraft.

AirAsia Berhad is a Malaysian multinational low-cost airline headquartered near Kuala Lumpur, Malaysia. It is the largest airline in Malaysia by fleet size and destinations. AirAsia Group operates scheduled domestic and international flights to more than 165 destinations spanning 25 countries. Its main base is klia2, the low-cost carrier terminal at Kuala Lumpur International Airport (KLIA) in Sepang, Selangor, Malaysia. Its affiliate airlines Thai AirAsia, Indonesia AirAsia, Philippines AirAsia, and AirAsia India have bases in Bangkok–Don Mueang, Jakarta–Soekarno-Hatta, Manila–Ninoy Aquino, and Bangalore–Kempegowda airports respectively, while its sister airline, AirAsia X, focuses on long-haul routes. AirAsia's registered office is in Petaling Jaya, Selangor while its head office is at Kuala Lumpur International Airport.

Cebu Pacific Air, Inc., operating as Cebu Pacific and stylized as cebu pacific, is a Philippine low-cost airline based on the grounds of Mactan–Cebu International Airport, Lapu-Lapu City, Metro Cebu, Philippines. Founded in 1988, it is Asia's oldest low-cost airline. It offers scheduled flights to both domestic and international destinations. Its main hubs are Cebu and Manila, with focus cities at Cagayan de Oro, Clark, Davao, Kalibo, Iloilo, and Zamboanga.

SilkAir Singaporean regional airline

SilkAir (Singapore) Private Limited, operating as SilkAir, was a Singaporean regional airline with its head office in Changi, Singapore. It was a wholly owned subsidiary of Singapore Airlines and operated scheduled passenger services from Singapore to 28 cities in 13 countries in Southeast Asia, the Indian Subcontinent, East Asia, and Northern Australia. As the regional wing of Singapore Airlines, it served the short to medium-haul destinations in the Singapore Airlines Group network.

Low-cost carrier Airline with generally lower fares

A low-cost carrier or low-cost airline is an airline that is operated with an especially high emphasis on minimizing operating costs and without some of the traditional services and amenities provided in the fare, resulting in lower fares and fewer comforts. To make up for revenue lost in decreased ticket prices, the airline may charge extra fees – such as for carry-on baggage. As of April 2020, the world's largest low-cost carrier is Southwest Airlines, which operates primarily in the United States, as well as in some surrounding areas.


Tiger Airways Singapore Pte Ltd, operating as Tigerair, was a budget airline headquartered in Singapore. It operated services to regional destinations in Southeast Asia, Bangladesh, Taiwan, China and India from its main base at Singapore Changi Airport. It was founded as an independent airline in 2003, and was listed on the Singapore Stock Exchange under the Tiger Airways Holdings name in 2010. In October 2014, parent company Tiger Airways Holdings became a subsidiary of the SIA Group, who took a 56% ownership stake.


Flynas, stylized flynas, formerly Nas Air, is a domestic and international low-cost airline based in Saudi Arabia, the country's first budget airline. The company's head office is located in Riyadh.

Hong Kong Express Airways Limited, commonly known as Hong Kong Express or HK Express, is a Hong Kong-based low-cost airline fully owned by Cathay Pacific Airways. It provides scheduled air service to 27 destinations in Asia, including Cambodia, China, Japan, South Korea, the Northern Mariana Islands, Taiwan, Thailand and Vietnam. The airline's main hub at Hong Kong International Airport uses a fleet that consists exclusively of the Airbus A320 family. In 2016, the airline became a founding member of the U-FLY Alliance. The company slogan is Your Move

Jeju Air Co., Ltd., is the first and largest South Korean low-cost airline. It offers scheduled domestic services, as well as international destinations including China, Japan, Russia, the Mariana Islands, and various Southeast Asian countries. It is also a founding member of the Value Alliance. Jeju Air is named after the Jeju Island. The airline, a member of AK group, has opened a Seoul head office tower hotel at Hongik station of the Seoul Metro, to diversify income.

Lucky Air Chinese airline

Lucky Air is a low cost carrier based in Kunming, Yunnan, China. The airline started with flights connecting Kunming with Dali and Xishuangbanna, and later expanded to other domestic and international destinations. Its main base is Kunming Changshui International Airport. The airline is one of the four founding members of the U-FLY Alliance.

Tiger Airways Holdings

Tiger Airways Holdings Limited was a Singapore-based holding company for a group of low-cost carriers operating in the Asia-Pacific region. It was formed in 2007 to allow for easier management of the airline subsidiaries, as well as any future expansion, without having to focus on operational issues, leaving those to the airlines themselves. In 2016, Singapore Airlines purchased the company and it was delisted from the Singapore Exchange.

Eastar Jet Low-cost airline of South Korea

Eastar Jet (ESR) is a South Korean low-cost airline with its headquarters in Banghwa-dong, Gangseo-gu, Seoul. On January 7, 2009, Eastar Jet made its maiden flight from Gimpo International Airport to Jeju International Airport. Now, the airline operates a scheduled passenger network to 14 destinations in eight countries. Its main base is Gimpo International Airport, with a hub at Jeju International Airport.

Peach, officially Peach Aviation Limited, is a Japanese budget airline based in Tajiri, Osaka Prefecture. Its head office is at Kansai International Airport in Osaka.

AirAsia Japan Low-cost airline of Japan; operated 2011–2013 / 2014–2020

AirAsia Japan Co., Ltd was the name of two incarnations of a Japanese low-cost airline, which had operated as a joint venture between AirAsia of Malaysia and Japanese partners.

Scoot Low-cost subsidiary of Singapore Airlines

Scoot Tigerair Pte Ltd, operating as Scoot, is a Singaporean low-cost airline which is a subsidiary of Singapore Airlines. It launched flights on 4 June 2012 on medium and long-haul routes from Singapore, predominantly to Australia, China, and India. Initially, Scoot's fleet consisted of Boeing 777 aircraft obtained from Singapore Airlines. The airline began to transition its fleet to the Boeing 787 Dreamliner aircraft from 2015. On 25 July 2017, Tigerair was officially merged into Scoot using Tigerair's air operator's certificate (AOC) but retaining the 'Scoot' brand. With the change of AOC, the airline's IATA code was changed from TZ to TR, and its ICAO code was changed from SCO to TGW, previously used by Tigerair. Its head office is at Singapore Changi Airport.

Vanilla Air Inc. was a low-cost airline in Japan wholly owned by All Nippon Airways. Its head office was within Terminal 2 of Narita International Airport in Narita, Chiba Prefecture. The airline ceased operations in October 2019 on its merger with Peach Aviation.

Tigerair Taiwan

Tigerair Taiwan is a low-cost carrier (LCC) based at Taoyuan International Airport. It was formed as a joint venture between China Airlines Group and Budget Aviation Holdings.

U-FLY Alliance

U-FLY Alliance is a regional airline alliance based in the Chinese Special Administrative Region of Hong Kong, and made up of low-cost airlines from Hong Kong, Mainland China, and South Korea. Upon founding, it became the world's first alliance of low-cost carriers, formed in January 2016 between founding members HK Express, Lucky Air, Urumqi Air, and West Air. All four founding airlines excepted HK Express are affiliated with the HNA Group, with a focus on Hong Kong, mainland China, and Southeast Asia, but they are currently seeking new members which are not affiliated with HNA Group. Eastar Jet, a South Korean low-cost carrier, joined the alliance on 27 July 2016.

Pan Pacific Airlines

Pan Pacific Airlines is a full-service airline based in the Philippines. It was established in 1973 under the name Astro Air International but was rebranded in 2016 after it began operating to serve the South Korean market. The airline commenced operations on April 27, 2017 with its inaugural flight between Kalibo and Seoul. Its current main hubs are Kalibo International Airport, Mactan–Cebu International Airport and Clark International Airport with flights going to Seoul, Busan and Muan.


  1. "Archived copy". Archived from the original on 2016-10-02. Retrieved 2016-09-09.CS1 maint: archived copy as title (link), CEB joins world’s first pan-regional LCC alliance.
  2. Value Alliance Home
  3. 8 Asian airlines form new alliance.
  4. Middleton, Rachel (17 May 2016). "Eight budget airlines in Asia Pacific form world's largest alliance of low-cost carriers". International Business Times. Retrieved 12 June 2016.
  5. 1 2 Freed, Jamie (17 May 2016). "Tigerair Australia, Scoot and other budget carriers team up for alliance". Sydney Morning Herald. Retrieved 12 June 2016.
  6. 1 2 "Value Alliance - About". Retrieved 2 April 2019.
  7. "Withdrawal from Value Alliance". Vanilla Air. 13 March 2019. Retrieved 1 April 2019.

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