North Asia is set to capitalize on its massive potential for low cost airline growth, according to leading Asia Pacific advisory firm, The Centre for Asia Pacific Aviation.
“We are at the trigger point of what should be an explosion in low cost air travel across the north of the region,” says Mr. Peter Harbison, Managing Director.
The Centre’s upbeat expectation for LCC (Low Cost Carrier) development in North Asia comes as the New Kitakyushu Airport, Japan, prepares to host the Second Annual North Asia Low Cost Airline Symposium on August 4-5, 2005.
“We think conditions are ripe for (LCC) development in North Asia. There are 500 Million consumers within a three-hour flight radius in North Asia that can afford air travel. Momentum in LCC and new airline entry in North Asia is building rapidly, with China’s first private carrier, Okay Airways, taking to the skies in March and four other new private entrants recently licensed by the CAAC”, added Mr. Harbison.
At least 12 new carriers are expected over the next 12 months in Macau, China, Hong Kong, South Korea and Japan.
Mr. Harbison added that, “These new carriers, like their counterparts launched last year, will have profound effects on aviation development in the region over the next few years. The big issue: how fast governments are prepared to liberalize.”
To view the Symposium program, register as a delegate or review sponsorship opportunities, please visit the Centre’s website: www.centreforaviation.com.