403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
China's Spring Airlines to buy 21 Airbus jets for USD735m
(MENAFN) China's largest low-cost carrier Spring Airlines announced plans to raise USD735 million in a new fund to purchase 21 Airbus A320 planes, Xinhua reported.
More than 80 percent of the money raised will be spent on the purchase of the Airbus planes, the rest will be used to improve inflight WiFi, upgrade IT and build its online ticket sales platform.
Amid continuous demand in China's domestic aviation market, several carriers have raised money to increase capacity. China Easter Airlines raised USD2.44 billion and Juneyao Air raised USD 587.78 million.
More than 80 percent of the money raised will be spent on the purchase of the Airbus planes, the rest will be used to improve inflight WiFi, upgrade IT and build its online ticket sales platform.
Amid continuous demand in China's domestic aviation market, several carriers have raised money to increase capacity. China Easter Airlines raised USD2.44 billion and Juneyao Air raised USD 587.78 million.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment