Spring Airlines has reportedly resumed its long-delayed plans to conduct an IPO in Shanghai to fund expansion (China Business News/Xinhua/Reuters/Global Times/Capital Vue, 24-Jan-2011). Spring Airlines has reportedly hired UBS and has sent a notice to the China Securities Regulatory Commission. If the IPO is successful, Spring Airlines would become China's fifth listed carrier, after larger rivals Air China, China Eastern Airlines Corp, China Southern Airlines Co and Hainan Airlines Co. Shanghai Spring International Travel Service is now the controlling shareholder of Spring Airlines.
Spring Airlines to restart IPO plans, hires UBS: reports
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Hosted by Narita Airport, the Summit marks 12 years of CAPA’s flagship series of LCC events in Asia and marks CAPA’s second return to Japan.
Featuring over 40 speakers, including senior executives from all of North Asia's LCCs, and with simultaneous translation in English, Japanese, Korean and Mandarin, the Summit will explore the commercial drivers for LCC growth in this region, as the market opens.
North Asia has yet to experience the rapid expansion of LCCs that has occurred in Southeast Asia - but that is changing quickly.
HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
HNA Group’s remarkable spending spree continues, with the announcement that its Avolon subsidiary will acquire CIT Commercial Air, the aircraft leasing arm of CIT Group.
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.
Avolon is now the core aircraft leasing brand for the HNA Group. Including assets from Hong Kong Aviation Capital, Bohai Capital and several smaller HNA Group leasing firms, Avolon has a fleet of nearly 250 aircraft and almost 200 more on order.