Indonesia’s Lion Air becomes Asia airline association’s first budget carrier

Quick Summary:

Lion Air’s addition to the Association of Asia-Pacific Airlines highlights the growing importance of low-cost carriers in Asia-Pacific.

Budget airline capacity globally has grown rapidly in the past 25 years and now accounts for around a third of all airline seats.

Air India joined in 2022, adding representation from one of the fastest-growing aviation markets, but South Korea’s Korean Air and Asiana withdrew during the Covid-19 pandemic.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaBruneiChinaIndiaIndonesiaKazakhstanSouth KoreaMalaysiaPhilippinesThailandUnited States

Topics: Airlines Budget Aapa Made Asia-pacific Carriers First Lion Importance Low-cost Airline

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 23:46:58 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 25 lines

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Copyright Owner: © The Straits Times

News ID: 23573296

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