RPT-AIRSHOW-Starry-eyed budget carriers in Southeast Asia stare at overcapacity
* AirAsia and Lion Air in race to order fuel efficient
* Aircraft buying binge funded by cheap liquidity, export
By Anshuman Daga
SINGAPORE, Feb 9 (Reuters) - Low-cost carriers are flying
high in Southeast Asia on the back of sharp growth in air
travel, but as hundreds of new jets swarm into the region
concerns are rising about its ability to absorb the record
numbers of planes on order.
Southeast Asian carriers have been devouring as many new
airplanes as planemakers can sell, gambling that low fares and
rising disposable incomes will drive the region's 600
million-strong population to keep flying to new destinations.
An aircraft buying binge fuelled by cheap interest rates and
backed by Western export credits shows few signs of halting,
with Vietnam's VietJetAir and Thailand's Nok Air both
expected to place orders at the Singapore Airshow this week.