Spring Airlines’ purchase agreement for 60 A320 family aircraft is another development in what has been a historic year for China’s largest LCC.
In 2015 Spring has listed on the Shanghai Stock Exchange, surpassed a 50 aircraft fleet, celebrated its 10th anniversary, become the first Chinese airline – and one of the first in the world – to take a 186 seat A320, and become featured on the government travel portal amidst austerity measures.
Along with the IPO, the aircraft order may be a defining event for years to come. 60 aircraft is small fry compared to the multi-hundred blockbuster orders in Southeast Asia from the likes of AirAsia, Lion Air and VietJet, but for China – and a private carrier such as Spring – 60 is significant. Spring’s IPO exposes it to market forces, and Chinese aviation is undergoing an upheaval, caught up in corruption investigations.
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