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Budget strategy helps China's Spring Airlines shares surge on debut

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Shares in China's Spring Airlines Co Ltd surged more than 40 per cent on their debut on Wednesday as investors scrambled to buy into China's biggest budget carrier, encouraged by its cost-cutting and innovative strategies.

Beijing

SHARES in China's Spring Airlines Co Ltd surged more than 40 per cent on their debut on Wednesday as investors scrambled to buy into China's biggest budget carrier, encouraged by its cost-cutting and innovative strategies.

Spring Airlines is the first Chinese carrier to