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CAPA TV | February 26, 2020

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Spring Airlines Named CAPA Asia Pacific Low Cost Airline of the Year

CAPA
  • On December 8, 2016

This award is given to the low cost airline that has been the biggest standout strategically, has established itself as a leader, has been the most innovative, and provided a benchmark for others to follow.

Spring Airlines President Stephen Wang accepted the award from Mr Harbison.

Spring was selected for its recording-breaking initial public offering and ability to grow steadily – and profitability – in a challenging market. “Spring became China’s first LCC in 2005 and has since grown steadily, despite a challenging regulatory and political environment”, Mr Harbison said. “What Spring has been able to accomplish as a private company in China is remarkable and its success has led to a more supportive LCC policy from the once reluctant Chinese government.”

CAPA noted that Spring had been a pioneer in China and had also now launched a joint venture in Japan. Spring has been consistently profitable over the last several years and currently operates over 60 aircraft in China across a network of more than 80 destinations, including 22 international destinations. In late 2015 Spring became the launch operator of the 186-seat A320 and ordered 60 A320neos.

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