In December 2013, China Airlines announced its new joint venture with Singaporean low-cost carrier Tigerair Holdings (now defunct and replaced by Budget Aviation Holdings) to establish Tigerair Taiwan. The new airline flew its inaugural flight to Singapore on 26 September 2014 and became the first, and currently only, Taiwanese low-cost carrier. Tigerair Holdings previously held 10 percent of the shares. As disputes unfolded surrounding the partnership, China Airlines Group re-negotiated with Tigerair Holdings and has now taken full ownership of Tigerair Taiwan.