Twelve years after China’s first low-cost airline was set up, the country still has only two more that seem to be thriving. Other carriers that call themselves budget airlines are either quite small or appear to be doing little more than installing all-economy cabins. At least one more genuine Chinese low-cost carrier (LCC) is in the works, however, and one of the small aspirants is likely to expand considerably following a takeover, despite a generally difficult ...

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