S'pore firm plans low-cost carrier

S'pore firm plans low-cost carrier

SINGAPORE: Singapore aerospace component supplier A-Sonic Aerospace Ltd. said Tuesday it had tied up with two Chinese companies to start a low-cost airline based in China's southern Guangdong province.

A-Sonic said in a statement the joint venture hopes to ride on a projected boom in air travel in the world's most populous nation.

The partnership will be between A-Sonic's wholly-owned subsidiary JANCO International Pte. Ltd. and the Chinese firms Guangdong China Travel Service (Holdings) Ltd. and China Xpress Pte. Ltd.

The three companies have agreed to jointly file an application with Chinese aviation regulators for an air operator's license. -- AFP