Emerging Asian carriers made their presence felt at a major airshow on Thursday with multibillion-dollar deals that underscored the region's importance as the growth driver of global aviation.
Four relatively small Asian carriers already had a combined order book of more than
Airline executives said many smaller cities in
"It's really a function of regional economies experiencing spending power of the rising middle class which benefited from so many years of steady growth," Song said.
Thai budget carrier
The Singapore Airshow began on Tuesday with an order by Vietnamese budget carrier VietJetAir for 63 Airbus A320 jets worth
The deal also covered rights to acquire or lease 38 more A320s, potentially boosting VietJetAir's current fleet of 11 A320s tenfold.
The Vietnamese airline, founded only in 2011, plies domestic routes as well as services to
In another deal, US aicraft maker
"We think it's a beautiful country and we see a high potential that
"I am sure within the next few years we are going to see
Economist Song said such new markets were an "added bonus" as even without them demand for travel in
"Frontier markets are an added bonus," he said. "Even without the likes of
"Some 60 per cent of those markets are not served nonstop, and around half of all markets served do not allow for same day return travel," he said.
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