Asia’s low-cost sector has seen explosive growth over the past 10 years, with multiple airlines set up in many countries, and several big players have already emerged. In response, many of the smaller players are recognizing that, in order to compete with the industry leaders, joining forces might be a good idea. In total, the low-cost sector in Asia has been growing by an average 30% annually over the past 10 years. AirAsia, Lion Air, Jetstar Airways and IndiGo are by far the ...

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