Spring Airlines orders 60 aircraft, including its first A321s, to accelerate international expansion
Spring Airlines' purchase agreement for 60 A320 family aircraft is another development in what has been a historic year for China's largest LCC.
In 2015 Spring has listed on the Shanghai Stock Exchange, surpassed a 50 aircraft fleet, celebrated its 10th anniversary, become the first Chinese airline - and one of the first in the world - to take a 186 seat A320, and become featured on the government travel portal amidst austerity measures.
Along with the IPO, the aircraft order may be a defining event for years to come. 60 aircraft is small fry compared to the multi-hundred blockbuster orders in Southeast Asia from the likes of AirAsia, Lion Air and VietJet, but for China - and a private carrier such as Spring - 60 is significant. Spring's IPO exposes it to market forces, and Chinese aviation is undergoing an upheaval, caught up in corruption investigations.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.