Singapore Airlines (SQ, Singapore Changi) has established a singular holding company to contain its Scoot (TR, Singapore Changi) and Tigerair (Singapore Changi) budget subsidiaries.

A filing to the Singapore stock exchange said the aptly named Budget Aviation Holdings (BAH) would see Tigerair CEO, Lee Lik Hsin, appointed CEO of the holding company with Singapore Airlines CEO, Goh Choon Phong, its chairman.

As CEO of the holding company, Lee will lead both budget airlines with Scoot's current CEO, Campbell Wilson, to return to Singapore Airlines in a senior position. Budget Aviation Holdings management will include senior staff sourced from Scoot, Tigerair and Singapore Airlines.

Singapore Airlines says BAH will allow for the integration of both carriers in terms of the sharing of key functions, such as sales and marketing, IT, planning and operations.

A wholly-owned subsidiary of Singapore Airlines, Scoot specializes in longhaul budget flights throughout South East Asia, China, India, the Gulf, and Australia using five B787-8s and six B787-9s. Tigerair, for its part, was recently acquired and delisted by Singapore Airlines and operates two A319-100s and twenty-one A320-200s on short-haul regional flights to forty-two destinations across South East Asia, India, and China.