Primera Air, the European airline sector’s latest casualty, highlights not just the fiercely competitive environment all carriers are navigating but more specifically the precarious nature of long-haul low-cost operations. The long-haul low-cost carrier (LHLCC) business model, established in Asia and expanding in Europe and other regions, is the aviation sector’s latest answer to traffic that is growing fast—the International Air Transport Association expects 7.8 billion ...

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