28-May-2012 11:38 AM

China Eastern: 'Huge potential' for LCCs in China

China Eastern Airlines president Ma Xulun stated there is “huge potential” for LCCs in China as LCCs account for less than 5% of the Chinese market, compared to a more than 33% market share in the Southeast Asia market and a more than 25% market share in the global travel market, according to a China Securities Journal report. In Mar-2012, China Eastern and Qantas signed an agreement to establish a LCC JV company in Hong Kong.