The countries in Southeast Asia were some of the first in the region
to employ the LCC business model, and today, LCCs are flying
nearly 20,000 weekly flights. Northeast Asia, on the other hand,
has been slower to see the growth of LCCs, owing in part to the
large high-speed rail network in Japan and to an aging population.
China is the latest region to embrace the LCC model, with a large increase in the number of entrants in the past two years.
To expand outside their home country, many airlines have
created joint-venture subsidiaries to avoid restrictions on foreign
ownership.