The financial squeeze that has been affecting Asia’s legacy airlines is also causing headaches for the region’s low-cost carriers (LCC). However, this is not preventing some of the major LCC players from continuing their fleet replacement and growth efforts as they take delivery of new-generation aircraft models. Four of the larger Asian LCCs—AirAsia, AirAsia X, Scoot and Cebu Pacific—have seen their financial health deteriorate to varying degrees in the latest ...

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