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BEIJING, China - China's Spring Airlines, the country's largest low-cost carrier, will launch its first direct flight between Changchun city, capital of Jilin province, and Bangkok, as the airline exp | eTurboNews | Trends | Travel News
Spring Airlines has moved ahead with plans to raise CNY3.5 billion ($540 million) from a private placement of shares, and China’s securities regulator has accepted its application for the issuance.
China's third low-cost carrier, 9 Air, launched its first flight on Tuesday afternoon, with its cheapest ticket priced at 9 yuan (US$1.47). | eTurboNews | Trends | Travel News
SHANGHAI, China – Chinese budget carrier Spring Airlines said it plans to raise 2.5 billion yuan (US$400 million) in an initial public offering (IPO) in Shanghai to fund fleet expansion in the country SHANGHAI, China – Chinese budget carrier Spring Airlines said it plans to raise 2.5 billion yuan (US$400 million) in an initial public offering (IPO) in Shanghai to fund fleet expansion in the country’s rapidly expanding aviation sector. The company plans to sell up to 100 million new shares for listing on the main board of the Shanghai Stock Exchange, according to a draft prospectus relea...
MIAMI – In anticipation of an increase in travel between China and Japan, Spring Airlines Japan will become a subsidiary of JAL (JL). Although JL originally had a stake of only 5% in Spring Airlines Japan, it plans to increase its stake to at least 50%. Spring Airlines Japan is the brand subsidiary of Spring Airlines, a well known low-cost carrier in China. The parent airline operates a large fleet of over 100 Airbus A320 family aircraft, while Spring Airlines Japan operates just six Boeing 737-800s. JAL plans to take advantage of Spring Airlines’ brand recognition in China to attract i...