Spring Airlines to raise $1.2b in IPO
By Soo Ai Peng | China Daily | Updated: 2011-07-22 08:01
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A billboard for Spring Airlines in the Shanghai International Pudong Airport. The airline plans to raise more than $1.2 billion in its initial public offering in the first quarter of 2012. Jing Wei / for China Daily |
Proceeds from the listing will be used to buy 36 aircraft in four years
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