Budget carriers ready for takeoff

Chinese airlines consider low-cost options to counter pressure from rising prices and narrow profit margins, Wang Wen reports

Low-cost carriers are set to fly high in China with more companies eager to cash in on rising passenger numbers and offset dwindling profits, rising costs and low profit margins.

Budget carriers are expected to clock fast growth in China in the next few years, thanks to their extremely low market share, compared with other regions, global aircraft maker Boeing Co said on Wednesday.