Cathay Pacific Looking Into Low-Cost Carrier Option
Dow Jones
Tuesday December 16, 1:45 PM AEDT
HK Cathay Pacific Looking Into Low-Cost Carrier Option
HONG KONG (Dow Jones)--Hong Kong's biggest airline Cathay Pacific Airways Ltd. said Tuesday it is looking into setting up a low-cost carrier, in response to plans by its competitors in Asia to launch budget airlines.
"Setting up a separate carrier is one of a wide range of options we're looking at," Corporate Development Director Tony Tyler said, noting that these were moves aimed at responding to "what is going on in the market."
"(But) it's only one option, I would emphasize," he added.
Last week, Cathay rival Singapore Airlines Ltd. said it plans to launch a low-cost carrier called Tiger Airways in mid-2004, in response to moves by others in the region to go the discount route.
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