China’s Juneyao Airlines has received approval from the China Securities Regulatory Commission to launch an initial public offering (IPO) to fund a fleet expansion. The IPO was originally projected for February. According to the Shanghai-based carrier, it will circulate no more than 200 million shares to collect CNY1.98 billion ($323 million) to purchase seven Airbus A320s and two backup aircraft engines. Juneyao operates 38 aircraft with an average age of more than three years on ...

Subscribe to Access this Entire Article

"Juneyao Airlines receives approval to launch IPO" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.