Spring Airlines announced plans to delay its planned IPO on the Shanghai Stock Exchange from 2011 to 2012 as it attempt to get a higher valuation as the global economy recovers (Dow Jones, 07-Dec-2010). The Shanghai-based carrier had already delayed the planned listing from 2009 due to poor market conditions and significantly reduced travel demand. Chairman Wang Zheng-hua, announcing the decision, said: "We don't want to sell shares at a cheap valuation." He added that the company will use internal resources to finance its aircraft expansion plan. The airline plans to take delivery of seven to eight aircraft in 2011 yo supplement its fleet of 21 A320s.
Spring Airlines to delay IPO to 2012
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The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.
Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.
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