Spring Airlines targets 5% annual growth in 2011
Spring Airlines Chairman Wang Zhenghua stated he expects the LCC to report annual growth rates of between 4% to 5% in 2011 but added the carrier’s fleet expansion plans has been slowed due to a shortage of pilots (AvBuyer, 08-Dec-2010). Mr Wang also stated the LCC plans to open three to four new Japanese routes in 2011. According to Mr Wang, Spring Airlines operates at an average load factor of 95%, which is 40% more than the industry average in China. Mr Wang also stated the carrier hopes to enter cooperation agreements with other LCCs in Southeast Asia but has no plans of taking part in the large aircraft market.