Southwest Airlines Chairman Herb Kelleher used to say that his airline's primary competitor was the automobile. Some 10,000 mi. away, Tony Davis, CEO of Singapore-based LCC Tiger Airways, makes a somewhat similar argument. For example, Davis points out that 12 million people travel by train in Vietnam and the train trip from Hanoi in the north to Ho Chi Minh City in the south takes 34 hr. Costs range from $28 for a seat in a non-air-conditioned carriage to $60 for a soft bed in an ...

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