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

By Frances Cha, CNNUpdated 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