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China's largest low-cost carrier Spring Airlines is planning to raise 4.5 billion yuan or 735 million U.S. dollars to buy 21 Airbus A320 jets.
中国最大的廉价航空公司春秋航空计划筹集45亿元人民币（7.35亿美元）购买21架空客A320。
The Shanghai-listed company is to fund the purchase through a private placement of shares.
More than 80 percent of the money raised will be spent on the purchase of the Airbus planes.
The rest will be used to improve in-flight WiFi, upgrade information management and build its online ticket sales platform.
Spring Airlines currently operates more than 90 domestic and international routes.
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