China’s Juneyao Airlines has received approval from the China Securities Regulatory Commission to launch an initial public offering (IPO) to fund a fleet expansion. The IPO was originally projected for February. According to the Shanghai-based carrier, it will circulate no more than 200 million shares to collect CNY1.98 billion ($323 million) to purchase seven Airbus A320s and two backup aircraft engines. Juneyao operates 38 aircraft with an average age of more than three years on ...

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