China's big three state-owned airlines still dominate the country's aviation market, but low-cost carriers have started to make a real dent in their market share with the help of recent regulatory reforms.
The collective market share of China's budget airlines has risen to around 14% from less than 1% a decade ago. The planned entry of AirAsia group into the domestic market via a new joint venture looked set to boost that, but the Malaysian company's deal collapsed late last month.
