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article imageChina budget carrier Spring eyes $3 billion A320 order

    Feb 19, 2014 in Business

SINGAPORE (Reuters) - Chinese low-cost carrier Spring Airlines is set to make an order for up to 30 Airbus <AIR.PA> A320 aircraft worth $3 billion at list prices, the company's chairman told Reuters.

The airline hopes to divide the order between the current model of the Airbus A320 and the re-engined A320neo, Wang Zhenghua said in an interview in Singapore.

The additional aircraft will help boost capacity and preserve market share as more airlines enter the Chinese low-cost market in the next year, and as the demand for both leisure and business travel continues to grow domestically.

(Reporting by Siva Govindasamy Editing by Jeremy Laurence)

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