Spring Airlines is planning to launch an initial public offering (IPO) on the Shanghai Stock Exchange to raise funds for fleet expansion. According to its stock exchange filing, Spring Airlines plans to collect CNY2.5 billion ($406 million) to purchase nine Airbus A320s worth about CNY1.33 billion at list prices, as well as three A320 flight simulators, which are worth about CNY300 million at list prices; the rest would be used for cash flow. The Shanghai-based carrier currently operates a ...

Subscribe to Access this Entire Article

"Spring Airlines to launch IPO for fleet expansion" 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.