The shutdown of Singapore-based airline Jetstar Asia is a sign of turbulent times ahead for budget carriers in the region as they grapple with higher costs and stiffer competition, aviation analysts have said.
On Wednesday, Jetstar Asia, the low-cost arm of Australian airline Qantas, announced that it would close down at the end of July.
The decision followed a review of the budget airline, which had in recent years been challenged by rising supplier costs, airport fees, aviation charges and…

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