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Indonesian Crash May Boost Lion Air's Rivals, Says Credit Suisse

16 Apr 2013 01:36:27

blogs.wsj.com

The crash of a Lion Air jet at the resort town of Bali in Indonesia may temporarily help other budget carriers battling in the rapidly growing market, a Credit Suisse official said Sunday.


"œI don't think it will have a serious impact on [Lion's] brand, but it could be a short-term boost for the likes of Citilink and Mandala and "” to a lesser extent "” AirAsia Timothy Ross, the head of Asian-Pacific transport research for Credit Suisse, told The Wall Street Journal on Sunday.


Read full story: blogs.wsj.com

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