Spring Airlines is planning to launch an initial public offering (IPO) on the Shanghai Stock Exchange to raise funds for fleet expansion. According to its stock exchange filing, Spring Airlines plans to collect CNY2.5 billion ($406 million) to purchase nine Airbus A320s worth about CNY1.33 billion at list prices, as well as three A320 flight simulators, which are worth about CNY300 million at list prices; the rest would be used for cash flow. The Shanghai-based carrier currently operates a ...

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