China's Spring Airlines says to buy 21 Airbus planes
China's Spring Airlines
Shanghai - Arab Today
Chinese budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan ($2.04 billion), citing growth in both international and domestic air travel.
The Shanghai-listed company plans to fund the purchase in part through a private placement of shares, according to a statement to the exchange late Monday.
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