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Don't laugh: Vanilla Air, Peach and other budget airlines mean business

By Frances Cha, CNN • Updated 2nd September 2013
Pending government approval, Jetstar Hong Kong will launch later this year with 18 new Airbus 320-200 aircraft.
South Korea's Jeju Air has recorded a 960% increase in profits over last year.
South Korea's Jeju Air has recorded a 960% increase in profits over last year.
courtesy jeju air
Tiger Airways re-branded as Tigerair in August
Tiger Airways re-branded as Tigerair in August
courtesy tigerair
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