China’s Juneyao Airlines will launch an initial public offering (IPO) in February to fund its rapid fleet expansion, according to Juneyao Group president Wang Junhao. The Shanghai-based carrier plans to purchase seven Airbus A320s and two backup engines by launching an IPO on the Shanghai Stock Exchange. Juneyao Airlines aims to expand its fleet to 50 aircraft this year, and double its fleet to 100 by 2020. It currently operates 38 aircraft with an average age of more than three ...

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