David Fullbrook: Budget airlines rev up to take off in China
From Asia Times Online:
Last year saw a flurry of low-cost carriers entering Southeast Asia and India, with more coming. This year, however, will be China’s. There are at least seven new airlines on the drawing board. Those that make it through the regulatory maze could do very well if they can withstand the Big Three airlines breathing down their necks.
Tianjin-based Okay Airlines, subsidiary of that city’s biggest logistics player, is trying to start operations early this year. Chengdu-based United Eagle Airlines, backed by a Guangdong-based software tycoon, is probably next in the queue, followed by China United Airlines, a mothballed military airline Shanghai Airlines is resurrecting.