Quantcast
Channel: MRO Network - Spring Airlines
Viewing all articles
Browse latest Browse all 6

Spring Japan to receive $151m cash injection

0
0

Japanese firms are to invest around JPY18bn ($151m) in low-cost carrier Spring Japan, according to the airline’s CEO.

Wang Wei confirmed that a number of domestic companies including real estate and electronics firms have raised the capital to invest in the airline, which was setup in 2014 as a subsidiary of China’s Spring Airlines operating an all-737 fleet.

Spring Airlines owns 33 per cent of the LCC due to Japanese law limiting foreign ownership of its firms to one-third.

At the announcement on Tuesday (January 5), Wei also confirmed that Spring Japan has received approval from the country's aviation regulator to start operating international routes.


Viewing all articles
Browse latest Browse all 6

Latest Images

Trending Articles





Latest Images