Flying High and Low
By Michael V. Copeland

(Business 2.0) – The airline industry is in trouble in the United States. But elsewhere, it's blue skies and big opportunity--especially for niche players in regions with only one major airline. Launching at the end of October, Kuwait's first low-fare carrier, Jazeera Airways, will offer flights to Amman, Beirut, Damascus, Dubai, and Manama. Some of the airports are served by Emirates, but all of them lack cheap travel options. At the other end of the price scale, Australia's OzJet--set to hit the runway in the second week of November--is targeting high-end Qantas customers. Its plan: business-class-only service, starting with eight flights a day between Melbourne and Sydney. Analysts expect more niche airlines to launch in 2006 in underserved regions of Africa, Asia, the Middle East, and Russia.