More fundraising in store as Asia warms to budget airlines

Asia's low-cost carriers will tap debt and equity markets to fund growing market share, says J.P. Morgan transport analyst.

More fundraising in store as Asia warms to budget airlines
Budget airlines are taking off in Asia (AFP)

As more price-sensitive customers and governments embrace the idea of low-cost carriers LCCs, which have boosted the affordability of flying, this particular market has grown significantly in Asia in recent years.

The market share of intra-Asia routes operated by low-cost carriers has grown to 25% today, from less than 3% 10 years ago, Corrine Png, head of regional transportation research at J.P. Morgan, said in a telephone interview yesterday. The bank expects...

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