China’s Spring Airlines to raise funds for A320 aircraft, simulator

Credit: Rob Finlayson
China’s Spring Airlines plans to collect CNY4 billion ($600 million) by circulating non-public A shares to purchase 10 A320 aircraft and one A320 simulator. The Shanghai-based LCC revealed in an Aug. 24 Shanghai Stock Exchange filing it would spend CNY3.95 billion on the 10 A320s and CNY50 million...

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