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

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Published Wed, Jan 21, 2015 · 09:50 PM

    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 list on a domestic stock exchange since the 1999 trading debut of Hainan Airlines Co Ltd.

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