Recorded at CAPA Asia Aviation Summit 2016, 15-16 Nov 2016
Spring Airlines Named CAPA Asia Pacific Low Cost Airline of the Year
This award is given to the low cost airline that has been the biggest standout strategically, has established itself as a leader, has been the most innovative, and provided a benchmark for others to follow. Spring Airlines President Stephen Wang accepted the award from Mr Harbison. Spring was selected for its recording-breaking initial public offering and ability to grow steadily – and profitability – in a challenging market. "Spring became China’s first LCC in 2005 and has since grown steadily, despite a challenging regulatory and political environment”, Mr Harbison said. “What Spring has been able to accomplish as a private company in China is remarkable and its success has led to a more supportive LCC policy from the once reluctant Chinese government.” CAPA noted that Spring had been a pioneer in China and had also now launched a joint venture in Japan. Spring has been consistently profitable over the last several years and currently operates over 60 aircraft in China across a network of more than 80 destinations, including 22 international destinations. In late 2015 Spring became the launch operator of the 186-seat A320 and ordered 60 A320neos.