Spring Airlines expects fourth consecutive year of net profitability in 2009

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China’s first LCC, Spring Airlines, stated it aims to double net profit to CNY40 million (USD5.9 million) in 2009, going against the trend of deep losses for Shanghai-based airilnes. The carrier expects to report revenues of CNY2.2 billion (USD322 million) in 2009, a 37.5% year-on-year increase.

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