Southeast Asia’s budget airline boom turns sour amid coronavirus pandemic

Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets.Auditors for Malaysia’s AirAsia Group and Vietnam’s VietJet Aviation are concerned about cashflows and funding, while Indonesia’s Lion Air has put the brakes on a planned flotation.Singapore’s Changi Airport was world’s best but how is it handling…

Read the original article at South China Morning Post