Headed for Mergers? Carriers Form World's Biggest Alliance of Low-Cost Airlines
- New Value Alliance features eight low-cost carriers in Asia
- Union could be first step toward mergers in saturated market
Asian Low-Fare Airlines Join Forces
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The creation of the world’s biggest alliance of low-cost airlines may signal that some of Asia’s struggling budget carriers are headed for the altar.
The Value Alliance, announced Monday, stretches from Japan to Australia and includes Singapore Airlines Ltd.’s Scoot and Nok Airlines Pcl in Thailand. The aim is to sell tickets, or even baggage allowance and in-flight meals across the group’s eight airlines in a single transaction.