Spring Airlines defers IPO by at least one year
Spring Airlines, China’s only LCC, announced plans to postpone an IPO for at least one year, as equity markets remain volatile amid the global economic downturn and passenger traffic remains sluggish. Chairman, Wang Zhenghua, revealed the proposed Shanghai and Hong Kong share sale, aimed at raising USD146 million, would be revisited in Sep-2010. Spring’s plans for an IPO have been delayed several times from late 2008 to Oct-2009 and Dec-2009.
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 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.