Spring Airlines formally launched an initial public offering (IPO) on the Shanghai Stock Exchange Wednesday to fund its rapid fleet expansion. The Shanghai-based low-cost carrier (LCC) carrier said in December it would collect CNY2.5 billion ($413 million) by circulating no more than 100 million A shares to purchase nine Airbus A320 aircraft and three A320 simulators. Currently, Spring operates a single fleet of 48 A320s on more than 70 domestic and international routes. It has established ...

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