Juneyao Airlines is expected to circulate no more than 58 million class A shares to collect CNY3.565 billion ($574 million) to fund fleet-expansion initiatives. The Shanghai-based carrier noted in a written statement released by Shanghai Stock Exchange that it would purchase four Airbus A320s, three spare engines and two simulators. Currently, Juneyao operates 42 aircraft, comprising 35 A320s and seven A321s. The carrier plans to expand its fleet to 50 aircraft this year, and to 90 ...

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