Of course, Singapore Airlines is not just sitting by and getting its profit margins squashed by rivals. The Group continue to maintains strategy of owning a portfolio of companies in different market segment of the commercial travel market. Apart from Singapore Airlines and SilkAir Singapore Pte Ltd covering the premium market, the Group also owns Scoot which targets the medium-haul low-cost segment and has recently increased its stake in Tiger Airways from 40% to 56% (effectively making Singapore Airlines a controlling stakeholder) which similarly targets the low-cost segment. In addition, Singapore Airlines is working to expand its global presence where the Group has established a JV airline with TataSons, based in New Delhi, India. Scoot is also establishing a new base in Bangkok through a JV airline with Thailand's local carrier Nok Airlines PCL ( BKK: NOK ).