September 30, 2013
Credit: Jim Anderson/Boeing
Thailand is primed to become a key battleground for Southeast Asia's booming low-cost carriers (LCC), as three overseas airlines race to set up joint-venture affiliates there.
Asia's largest LCCs have already proven the model of establishing joint ventures in other countries as a way of sidestepping ownership and control restrictions. Thailand has become the latest hotbed of activity on this front, as Lion Air, AirAsia X and VietJet Air seek permission to create joint ventures based in Bangkok. Meanwhile, the incumbent LCCs are growing their networks in anticipation of the influx.