Spring Airlines profits rise 240% in 2010
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Spring Airlines experienced a 240% surge in net profits in 2010. China’s Business News reported that the low-cost carrier posted a full-year profit of CNY470 million (US$71 million last year, with revenues rising 62% to CNY4.32 billion. Spring Airlines will continue to expand its international network in 2011, with routes to Macau, Taiwan, Southeast Asia and Japan being considered, the report added.
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