Budget Airlines 3.0

On 26 Oct 2006 Oasis Hong Kong Airlines' first flight took off. It flew from Hong Kong to London. The travelling time was 14 hours and 20 minutes.

At the moment, budget airlines flew domestic ( Southwest Airlines ) or regional ( Tiger Airways ). Is this the beginning of Budget Airlines 2.0 where they start flying from from domestic and regional to global? The current airline industry is very competitive; will Budget Airlines 2.0 make it more competitive?

What happen if Southwest Airlines, Ryanair, Oasis Hong Kong Airlines, Tiger Airways and Virgin Blue form a global budget airlines alliance? This will be Budget Airlines 3.0. Will this make it even more competitive? How affordable will long distance air fares be? Will there be two distinct airline groups in the future - affordable and high cost?