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Spring to buy 21 Airbus planes for 12.45b yuan

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Spring Airlines now flies more than 90 domestic and international routes. The company's net profit for the first quarter this year jumped 46.43 per cent year-on-year to 254.32 million yuan.

Shanghai

CHINESE budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan (S$2.7 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