China Eastern to enter Asia’s budget air travel

Xi: We want to expand our budget air travel to South-East Asia, South Korea and Japan

SHANGHAI: AirAsia Bhd and other regional budget airlines will face a new powerful competitor when China Eastern Airlines Company Ltd, one of the world’s Top 10 airline groups, expands its budget air travel to the Asian region outside China.

China Eastern, listed on the stock exchanges of New York, Shanghai and Hong Kong, now wants its low-cost carrier China United Airlines to expand beyond China.