Tigerair Taiwan is a low-cost carrier (LCC) based at Taiwan Taoyuan International Airport. The airline currently has seven aircraft and will expand its fleet to 12 aircraft by 2016. It was the first Taiwan-based LCC to start operations and one of the two LCCs in the country (The other being V Air of Transasia Airways). It was formed as a joint venture between China Airlines Group and Tiger Airways Holdings. China Airlines holds 80 percent of the share while Tiger Airways Holdings and Mandarin Airlines each hold 10%.