Shanghai-based Spring Airlines, China's most successful LCC, said it plans to launch an IPO to help fund fleet expansion.
Spring Airlines A320. Shanghai-based Spring Airlines, China's most successful LCC, said it plans to launch an IPO to help fund fleet expansion. The privately held carrier nearly tripled its profit in 2010 (ATW Daily News, Jan. 14). Spring operates 20 Airbus A320s and plans to expand its fleet to 100 by 2015. It has not set a specific timetable for the IPO, pointing out that it must gain approval from relevant government agencies. It noted that timing could also be affected by ...
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