Spring be­comes Asia’s most valu­able air­line

China Daily (Canada) - - FRONT PAGE -

Spring Air­lines Co Ltd has seen its share price more than dou­ble within just six days of list­ing on the Shang­hai Stock Ex­change, mak­ing it Asia’s most valu­able bud­get car­rier. Spring’s shares have gained the daily limit of 10 per­cent each day since hit­ting the de­but max­i­mum of 44 per­cent on Jan 21. That made the air­line worth 15.29 bil­lion yuan ($2.45 bil­lion), push­ingMalaysian low-cost car­rier AirAsia Bhd into sec­ond place with a mar­ket cap­i­tal­iza­tion of $2.13 bil­lion.

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