Malaysian airline Firefly has been recognized as the best value airline in the Asia Pacific region at the Singapore Airshow.

The airline took the "Best value Airline of the Year" award at the 2010 Frost & Sullivan Asia Pacific Aerospace & Defense Awards, awarded to a winner based on their "diligence, commitment and innovative business strategies," announced Friday. Firefly covers internal routes in Malaysia and international routes from Penang and Subang to Thailand, Indonesia and Singapore. According to prices listed on their site, a flight from Subang to Singapore costs under €15.00.

Malaysia's Kuala Lumpur International Airport (KUL) was recognized as the best large airport serving over 15 million passengers per year. It is the latest in a series of plaudits for the airport which regularly competes with regional rivals Singapore Changi, Hong Kong International Airport and South Korea's Incheon for awards. Auckland Airport took the title for best airport serving under 15 million passengers per year.

The awards were judged by aerospace analysts from Frost & Sullivan, a global business consulting firm.