South east Asia’s low-cost carriers are staggering as demand plunges, and countries are ever-wary about re-opening their borders, raising questions whether they will be needing any new planes in the short to medium term. Malaysia’s AirAsia Group and Vietnam’s VietJet are publicly canvassing their cashflow and funding problems. Indonesia’s Lion Air has shelved a planned flotation this year. But prior to the ‘disruption’, there were questions raised about whether new aircraft ordered during a frenzied decade of new plane orders by south east Asian carriers would ever end up actually being delivered. Whilst the high-profile owners were popping the champagne […]
