Question: Value Alliance is an airline alliance formed in May 2016 that comprises seven airlines, one of which is a Singaporean low-cost long-haul airline owned by who?

Context articles: Vanilla Alliance
Level (airline)
Alliance Air (Uganda)
Scoot
China Airlines
History of Kingfisher Airlines
Oneworld
AirClub
Scoot destinations
Value Alliance

The Vanilla Alliance (French: "Alliance Vanille" ) is an airline alliance formed in September 2015 to improve air connectivity within the Indian Ocean region by strengthening cooperation between the airlines of Indian Ocean Commission members.
 Ultimately, the alliance wishes to increase tourism, trade, and business ties in the region.
 The founding members are Air Austral, Air Madagascar, Air Mauritius, Air Seychelles and Int'Air Îles.
Level is a low-cost travel brand based at Barcelona–El Prat Airport in Spain.
 It is a wholly owned subsidiary of the multinational airline holding company International Airlines Group (IAG) that operates under an independent brand name.
 Level is marketed as a low-cost long-haul carrier, and began operations in June 2017 with service from Barcelona to Los Angeles, Oakland, Buenos Aires and Punta Cana.
Alliance Airlines (later known SA Alliance Air) was a multi-national long-haul airline based at Entebbe International Airport in Uganda.
 It was set up in 1995 as a joint venture between South African Airways (SAA) and the governments of Tanzania and Uganda.
 The airline ceased operations in 2000.
Scoot Tigerair Pte Ltd. (operating as Scoot) is a Singaporean low-cost long-haul airline owned by Singapore Airlines through its subsidiary Budget Aviation Holdings.
 It launched flights in June 2012 on medium and long-haul routes from Singapore, predominantly to China and India.
 Initially, Scoot's fleet consisted of Boeing 777 aircraft obtained from Singapore Airlines.
 The airline began to transition its fleet to Boeing 787 Dreamliner aircraft from 2015.
 On 25 July 2017, Tigerair was officially merged into Scoot using Tigerair's air operator's certificate (AOC) but retaining the 'Scoot' brand.
 With the change of AOC, the airline's IATA code was changed from TZ to TR, previously used by Tigerair.
 Its head office is at Singapore Changi Airport.
China Airlines (CAL) () () is the flag carrier and largest airline of the Republic of China (Taiwan).
 It is headquartered in Taoyuan International Airport and has 12,607 regular employees.
 China Airlines operates over 1,400 flights weekly to 118 airports in 115 cities (including codeshare) across Asia, Europe, North America and Oceania.
 The cargo division operates 91 pure freighter flights weekly.
 The carrier was, in 2013, the 29th and 10th largest airline in the world in terms of passenger revenue per kilometer (RPK) and freight RPK, respectively.
 China Airlines has three airline subsidiaries: Mandarin Airlines operates flights to domestic and low-demand regional destinations; China Airlines Cargo, a member of Skyteam Cargo, operates a fleet of freighter aircraft and manages its parent airline's cargo-hold capacity; Tigerair Taiwan is a low-cost carrier established by China Airlines and Singaporean airline group Tigerair Holdings and is wholly owned by China Airlines Group.
Kingfisher Airlines was established in 2003.
 It is owned by the Bengaluru based United Breweries Group.
 The airline started commercial operations on 9 May 2005 with a fleet of four new Airbus A320-200s operating a flight from Mumbai to Delhi.
 It started its international operations on 3 September 2008 by connecting Bengaluru with London.
 Kingfisher's head office is located in Kingfisher House Western Express Highway Vile Parle (E) Mumbai – 400099 India and its registered office is located in UB City, Bangalore.
 Its head office was previously in the Kingfisher House in Vile Parle (East), Mumbai.
 In 2012 Vijay Mallya was trying to sell the Vile Parle Kingfisher House.
 The airline had shut down its operations when on 20 October 2012 the DGCA suspended its flying license.
 This suspension had been due to failure to give an effective response to the show-cause notice issued by DGCA.
 However, The airline had locked out its employees for several days before this suspension.
 On 25 October 2012, the employees agreed to return to work.
 On 7 June 2010 Kingfisher became a member elect of the Oneworld airline alliance when it signed a formal membership agreement.
 Kingfisher confirmed on 20 December 2011 that it will join the Oneworld airline alliance on 10 February 2012.
 Kingfisher would have been the first Indian carrier to join one of the big airline alliances.
 However, on 3 February 2012, owing to bad financial situation and two days after the International Air Transport Association (IATA) clearing house suspended Kingfisher Airlines; the airlines participation to Oneworld has been put on hold.
Oneworld (marketed as oneworld; CRS: *O) is an airline alliance founded on 1 February 1999.
 The alliance's stated objective is to be the first-choice airline alliance for the world's frequent international travelers.
 Its central alliance office is currently based in New York City in the United States.
 Its member airlines include Air Berlin, American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, LATAM Airlines, Malaysia Airlines, Qantas, Qatar Airways, Royal Jordanian, S7 Airlines and SriLankan Airlines, plus some 21 affiliated airlines.
 As of August 2016, Oneworld is the third largest global alliance in terms of passengers with more than 557.4 million passengers carried, behind Star Alliance (689.98 M) and SkyTeam (665.4 M).
 Its slogan is "An alliance of the world's leading airlines working as one."
The AirClub is a 2012 founded airline alliance of seven airlines.
 It is considered to be the first and only airline alliance of business airlines, in the world.
 The alliance has a fleet of over 100 aircraft and is headquartered in Geneva, Switzerland.
Scoot is a Singaporean low-cost long-haul airline owned by Singapore Airlines.
 It launched flights in 2012 on medium and long-haul routes from Singapore.
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 seven Asia-Pacific airlines: Cebu Pacific, Jeju Air, Nok Air, NokScoot, Scoot, Tigerair Australia and Vanilla Air, along with Tigerair who merged with Scoot under the Scoot brand.