Singapore - Budget carrier Tiger Airways on Tuesday started offering 100,000 seats at 40 Singapore cents (28 US cents) plus taxes and surcharges to destinations across Asia.

The five-day sale marks the fourth birthday next Monday of the Singapore Airlines-backed Tiger.

Set up in 2004, Tiger has expanded rapidly. Compound annual growth in revenue has averaged 90 per cent and passenger numbers have risen

by an annual average of 48 per cent, the airline said.

The Singapore-based carrier announced a net profit of 37.8 million Singapore dollars for the fiscal year that ended in March despite soaring fuel costs and stiff competition. (dpa)