China Express Airlines plans to launch an initial public offering (IPO) by circulating no more than 40.5 million shares for fleet expansion, according to the China Securities Regulatory Commission (CSRC). If the Guiyang-based carrier receives regulatory approval, it will become the first Chinese regional airline to go listed and the eighth-listed Chinese carrier. China Express reported a net profit of CNY295.3 million ($43 million) for the first nine months of 2016; operating revenue was ...

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