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Business trends

Asia budget carriers spend big at air show for long-haul routes

New fuel-efficient jets open up possibility of service to Europe, US and Africa

Vietjet has placed an order with Boeing for 100 737 MAX aircraft worth $12.7 billion.

KUALA LUMPUR -- Emboldened by fuel-efficient aircraft and growing demand from a burgeoning middle class, Southeast Asia's budget airlines are showing ambition to fly long-haul routes beyond the region -- a high-cost sector dominated by full-service carriers.

Malaysia's AirAsia X and Vietnam's Vietjet Aviation ordered new aircraft this week at the biennial Farnborough International Airshow in the U.K., expanding their existing fleets anchored in the Asia.

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