If you’re considering business opportunities in Asia in 2013, here are a few things to heed.
1. Low cost continues to drive change
The low cost effect is already in full swing in South East Asia and competition will be intense this year as Scoot gets up to speed, players consolidate and take position in Indonesia and India (Tiger buys into Mandala; Etihad scoops up an ailing Kingfisher) and AirAsia and Jetstar battle it out for market share.
Already the AirAsia group flies more passengers (18 million) than Singapore Airlines (16-17 million) and, this week, put in a purchase order for 100 more A320 aircraft, pushing its total fleet size to 475 narrow-bodies.
Watch the space in North Asia in particular – Japan gets into full stride; China’s Spring Airlines expands internationally; and Korea’s Jin Air and Jeju Air start exploring overseas points.
Jetstar Hong Kong (a partnership between Qantas and China Eastern) takes a go at the former British territory and Cathay Pacific may respond with its own low cost venture.
Better action promised on this front than in Peter Jackson’s Hobbit: The Unexpected Journey. (Read More)
Published in: www.tnooz.com By: Siew Hoon Yeoh