Does Two LCCT Makes Sense?

Blogged the other day: More On Sime Darby's Labu LCCT Project.

I made the following set of comments.

• That's my point.
  
  Why can't they just make only one LCCT?
  
  To have two LCCT makes no sense at all.
  
  And to have one at Labu is even horrendous reasoning!
  
  Doesn't it defeats all logical reasoning for air travellers who seek lower air fares?
  
  How much would it take for these budget air travellers to travel to Labu to board their cheap flights? As it is, the airport at Sepang isn't too popular since it's already located so far from the city of KL. And now they want to make the LCCT at even a further location at Labu?
  
  Imagine if Labu is constructed... and nobody showed up? Not possible? Won't air travellers avoid Labu because of its location?

Aseambankers today came up with a research note on this issue.

Here is a screenshot of what they said.