Spring Airlines A320
Shanghai-based low-cost carrier Spring Airlines has suspended plans to launch an initial public offering (IPO) on the Shanghai Stock Exchange to raise funds for fleet expansion. According to the China Securities Regulatory Commission (CSRC), the most critical reason for the sudden suspension was due to an internal report that the company’s profits in proportion to local government subsidies are too high. CSRC said the problems “need further implementation of the abolition ...
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