Asia/Pacific

SPRING AIRLINES IPO TO RAISE $1.2B

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SPRING AIRLINES IPO TO RAISE $1.2B

Spring Airlines aims to raise more than $1.2 billion in an initial public offering (IPO) in the first quarter of 2012. The budget Chinese carrier need to raise funds to help finance its expansion ambitions – it wants to double its fleet size in the next four years. UBS is advising Spring Airlines ...

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