Skyrocketing numbers of narrowbody aircraft orders have turned attention to Southeast Asia—and its burgeoning low-cost carriers (LCCs), in particular. Twenty-seven percent of the world’s narrowbody aircraft—half the global fleet—are operated in the Asia-Pacific region, estimated Lufthansa Technik Philippines in the first quarter of fiscal 2013. More than 37% of the total commercial fleet will soon be based there, many of them in service with low-cost carriers, it also projects. Such ...

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