China’s Spring Airlines plans to collect CNY4 billion ($600 million) by circulating non-public A shares to purchase 10 A320 aircraft and one A320 simulator. The Shanghai-based LCC revealed in an Aug. 24 Shanghai Stock Exchange filing it would spend CNY3.95 billion on the 10 A320s and CNY50 million on the simulator. “If the CNY4 billion we plan to collect is not enough, we will make up for the shortfall by ourselves,” Spring said. The 10 A320s have a list price value of ...

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