|Launch date||16 May 2016|
|Annual passengers (M)||92|
|Alliance slogan||Asia Pacific's Best Value Airlines |
Value Alliance is an airline alliance formed in May 2016. It is the world's second alliance (after the U-FLY Alliance) to consist only of low-cost carriers (LCCs). However, it is the first pan-regional LCC alliance. It comprises five (originally nine) Asia-Pacific airlines: Cebu Pacific, Cebgo, Jeju Air, Nok Air and Scoot.
Value Alliance is the fourth-largest airline alliance in terms of passengers, flights, destinations, combined fleet and members, ahead of U-FLY Alliance and Vanilla Alliance.
The Value Alliance was established by eight airlines in the Asia-Pacific region on 16 May 2016. The alliance allows passengers to book flights with all of the eight carriers through each partner website, to create itineraries across the region through a single booking. The combined carriers collectively serve more than 160 destinations, primarily in the Asia-Pacific region, with a total fleet of 176 aircraft and an annual passenger total of 47 million in 2015.
As of June 2020[update], the following airlines are members of Value Alliance:
|Cebu Pacific||16 May 2016|
|Cebgo||16 May 2016||A subsidiary of Cebu Pacific|
|Jeju Air||16 May 2016|
|Nok Air||16 May 2016|
|Scoot||16 May 2016|
|NokScoot||16 May 2016||26 June 2020||Liquidated due to the COVID-19 pandemic.|
|Tigerair Australia||16 May 2016||2018||Operations suspended due to the COVID-19 pandemic.|
|Tigerair||16 May 2016||25 July 2017||Merged into Scoot on 25 July 2017.|
|Vanilla Air||16 May 2016||30 March 2019||Merged into Peach Aviation on 26 October 2019.|