Spring Airlines to take 60 A320neo family aircraft | ATWOnline

                                 


Victoria Moores

Spring Airlines has announced plans to acquire 45 Airbus A320neos and 15 A321neos to the Shanghai Stock Exchange, in a deal valued at $6.3 billion at list prices.

Following “tough” negotiations with Airbus, the Chinese budget carrier said it had signed a purchase agreement for the 60-aircraft acquisition on Dec. 3.

Spring Airlines’ directors “unanimously” agreed the aircraft purchase, which will be used to add capacity and meet growing demand. However, the deal still needs to be ratified by Spring Airlines’ shareholders.

Under the agreement, Airbus has committed to deliver the 60 aircraft over the period from 2019 to 2023.

In July, Spring Airlines detailed plans to raise CNY4.5 billion ($735 million) to expand its Airbus A320 fleet.

Spring Airlines to take 60 A320neo family aircraft | Manufacturers content from ATWOnline