Regional Round-Up
Spring has high hopes for Hong Kong
February 1st 2013
China’s only privately-owned carrier, Shanghai-based Spring Airlines, is expanding its services between the Mainland and Hong Kong as it prepares to launch a low-cost subsidiary in Hong Kong. Read More »
The airline is looking to raise about one billion yuan for fleet expansion. It will launch an initial public offering (IPO) on the Hong Kong Stock Exchange in the first half of this year. It is also expected to win approval to launch an IPO on the Shanghai Stock Exchange.
Spring has launched daily flights from Hangzhou and Xiamen to Hong Kong, four-times weekly flights from Nanjing and three times weekly flights from Chongqing to Hong Kong.
