Donghai Airlines plans to launch an initial public offering (IPO) in May 2016 on the Shanghai Stock Exchange to fund its rapid fleet expansion. The Shenzhen-based carrier is making various preparations for its IPO launch next year despite a suspension of an IPO application in July. The airline operates a fleet of seven aircraft and has on order 10 Boeing 737-800s and 15 737 MAX aircraft. It also plans to introduce 50 additional aircraft including the 737-800, 737 MAX and Boeing 787, which ...

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