Singapore says low-cost carriers growing at 'phenomenal' rate
SINGAPORE (XFNews) - Singapore's low-cost airlines are expanding
at a "phenomenal" rate and now account for 7 pct of all flights
out of Changi international airport, Transport Minister Yeo Cheow Tong said.
This is up from 70 weekly flights servicing six cities six months ago.
"In Singapore, low-cost carriers now account for about 7 pct of Changi's flights, with this phenomenal growth achieved in just one year," Yeo said.
Valuair was the first budget carrier to set up in Singapore, on May 5 last year, with flights to Bangkok. It has since expanded operations to Jakarta, Hong Kong, Perth and the Chinese cities of Chengdu and Xiamen.
Yeo made his comments in a speech to unveil some of the features of Changi's low-cost terminal, which is due for completion early next year and will be the first of its kind in the region.
He noted that the potential for low-cost airlines to grow regionally, not just in Singapore, was "tremendous".