Hong Kong, Jan. 2 -- If anyone thought the rush to launch Asia-Pacific airlines was losing impetus they should think again. At least seven prospective carriers have announced plans to launch in the next 12 to 18 months.
The biggest stampede to the region's runways is in South Korea, home base to six low-cost airlines.
South Korea's Transport Ministry confirmed last month four budget carrier applicants, - Fly Gangwon, Aero K, Air Premia and Air Philip - have applied for business licenses in response to a government initiative to add more LCCs to the nation's airline fleets. A fifth prospective operator, Guardians, was reported to be ready to progress to a licence application.
New regulations in South Korea require launch airlines to have ...