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