Related News
Spring eyes US$3b order for 30 A320s
Print Edition
Chinese low-cost carrier Spring Airlines is set to order up to 30 Airbus A320 aircraft worth US$3 billion at list prices, the company’s chairman said, amid an expected surge in budget flights in China.
The airline hopes to divide the order between the current Airbus A320 model and the A320neo, Wang Zhenghua said at a regional low-cost airlines conference in Singapore.
Shanghai-based Spring, which has a fleet of 40 A320s, is the largest dedicated budget carrier in China. Its success, and a relaxation of airline regulations by the Civil Aviation Administration of China in 2013, have paved the way for competitors to enter the low-cost market in the country.
Spring wants to start taking deliveries from the new order from 2015. The new aircraft will replace existing planes and add capacity in the Chinese domestic market.
“We are looking to make a large purchase,” said Wang. “Now is the time for additional growth.”
China’s airline market, which is dominated by state-owned carriers like Air China, China Eastern Airlines and China Southern Airlines, is seen as being on the brink of a low-cost travel boom.
This is due to the large number of airports that are being built to connect hundreds of its cities, and the growing demand for air travel domestically for leisure and business.
Spring had been prevented from ordering new aircraft in 2012 and 2013 by the CAAC, which was concerned about overcapacity and competition in the Chinese domestic market. Those restrictions were lifted in late 2013, said Wang.
The CAAC has also allowed Spring to offer cheaper fares, he said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
