JAKARTA/KUALA LUMPUR -- After operating for more than 20 years, Singapore-based budget airline Jetstar Asia announced its closure, citing increased competition and rising costs.
Transportation
Jetstar Asia's closure highlights ASEAN's fierce LCC wars
Analysts predict airlines will continue to face cost challenges
Kuala Lumpur International Airport, Malaysia, 2016. The expansion of low-cost carriers in Southeast Asia, such as AirAsia and Jetstar, is remarkable, but competition is intensifying. © Reuters
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