More fundraising in store as Asia warms to budget airlines

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 their market share to rise further to 30% during the next two years and for the low-cost carrier market size to increase to $23 billion in 2014, from the current $18 billion.

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