Financial Round Up
Juneyao receives IPO approval
April 27th 2015
China’s Juneyao Airlines has secured approval from the China Securities Regulatory Commission to launch an initial public offering (IPO) to fund its expansion. Read More » According to the Shanghai-based carrier, it will circulate 200 million shares to collect 1.98 billion yuan ($323 million) to purchase seven Airbus A320s and two back-up aircraft engines. Privately-owned Chinese low-cost carrier, Spring Airlines, launched an IPO in January.
