The Top Low-Cost Carriers in Southeast Asia
Low cost carriers have completely taken over the Southeast Asia market and giants like AirAsia have emerged. Every other region is watching this region to see what new innovation in LCC market comes next.
Excerpt from AirlineLeader
Southeast Asia continues to experience rapid low cost carrier expansion even though some key markets are approaching saturation. The region’s LCC fleet is poised to grow by about 20% in 2013, surpassing over 500 aircraft at year-end. With some of the largest airline orders in recent years coming from ASEAN-focused LCC groups, rapid growth for the sector is assured for the medium to long term.
But opportunities still remain for LCC market share gains in some countries, particularly Myanmar and Vietnam. These important pioneer markets have the lowest LCC penetration rates among the seven main ASEAN countries but LCC start-ups from both countries are expanding rapidly.