Spring Airlines expects to nearly double its net profit to CNY40 million ($5.8 million) this year and is planning a rapid fleet expansion despite shrinking domestic demand and the global economic downturn. Launched in July 2005, Spring is one of the most profitable privately run carriers in China and reported net earnings of CNY21 million last year. It maintained a load factor of 95% as it established travel agencies to attract passengers. Spring's fleet expansion will be anchored by its ...

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