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

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The Straits Times 9h ago

Indonesia’s Lion Air becomes Asia airline association’s first budget carrier - The Straits Times

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.