Tony Ryan aims to repeat Ryanair’s success in Asia.

TONY RYAN, the founder of Ryanair, has invested in a new low-cost airline in Singapore in a bid to repeat the success of Ryanair in Asia.

Dr Ryan is a founding shareholder in Tiger Airways, which plans to begin flying from Singapore to other destinations in south-east Asia from the middle of next year.

Other investors in the venture are Indigo Partners, a private equity firm headed by David Bonderman the Ryanair chairman, Singapore Airlines and Temasek Holdings, a Singapore based-company.