China approves funding for Juneyao Airlines’ fleet expansion

Credit: Rob Finlayson
The China Securities Regulatory Commission has approved Juneyao Airlines to receive CNY3.57 billion ($543 million) for fleet expansion. Out of the total, CNY2.7 billion would be used to purchase four Airbus A320s, three spare engines and two simulators. Also, CNY500 million would be used to pay off...

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