Travel News HomeSearch for travel informationAdvanced SearchMost Popular Travel ArticlesTop Rated Travel ArticlesRSS FeedSitemapDirectory of travel websites

Home / Travel News / Budget airlines coming to China.

Budget airlines coming to China.

By : Aarthi.K.N.C.
Rating : Average Rating : 1.00 From 1 Voter(s)


About 70 percent of China's 780 domestic routes are suitable for low-cost carriers, but the country's aviation industry has yet to capitalize on its potential, said the report, one of a series the company has released on Asian business trends.
China has a large airspace, a massive domestic market and easy connections with the rest of Asia, the report said.
"The real driver of change in the low-cost carrier industry is China," Yuwa Hedrick-Wong, MasterCard's economic adviser for the Asia Pacific region, said at a news conference on the report, Wednesday.
"When China starts to take the lead, the region will follow," Hedrick-Wong said.
The report estimated that low-cost carriers will account for 25 percent of the growth in air travel by 2013.
But it also pointed out numerous problems, chiefly a lack of basic transport infrastructure that is hindering investment in airlines, as well as an overly regulated market.
China has been on an airport-building binge and recently began accepting applications for new, privately owned budget airlines -- but low-cost air travel remains in its infancy.
"We are likely to see movement within China's low-cost carrier industry within the next 10 years," Hedrick-Wong said.




Print Article Print Article
Send to a friend Send to a friend
Rate this Article :

1

2

3

4

5

6

7

8

9

10
Poor Excellent