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) as its members. However, it is the first pan-regional LCC alliance. It comprises eight Asia-Pacific airlines: Cebu Pacific, Jeju Air, Nok Air, NokScoot, Scoot, Tigerair, Tigerair Australia and Vanilla Air.
Value Alliance is the fourth largest airline alliance; in terms of passengers, flights, destinations, combined fleet and members; overtaking U-FLY Alliance and Vanilla Alliance.

Vanilla Air (Japan, 16 May 2016)

---

---