Low-cost carriers expect 13% growth annually

AVIATION

Low-cost carriers expect 13% growth annually

Published: 20/02/2012 at 03:31 AM
Newspaper section: Business

Almost unknown in Asia eight years ago, the low-cost carrier (LCC) business is gathering strength with annual double-digit growth that will triple its passenger volume by 2020.

Boeing showcases the B737 MAX model for the first time at last week’s Singapore Airshow. BOONSONG KOSITCHOTETHANA

The LCC market is expected to expand by more than 13% annually until 2020, boosting their market share in Asia's airline sector to 31% in 2020 from 19% currently, according to US planemaker Boeing's latest projections.

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