Spring Airlines Communication Materials

Spring Airlines Communication Materials
May 2019
Company Overview
Strategic goal: "Become a competitive Low-Cost Carrier

2018 Most potential that is internationalized, offers good value for the money,
development of Airline
Employer and offers passengers a safe, low cost, on-time, convenient
CAPSE 2017 Best Airline
and pleasant flying experience."
2016 Skytrax Best LCC in

 Established in Shanghai in 2004, Spring Airlines launched its first flight in 2005.
China 首家低成本航线网络分
After restructuring 航空公司
into a joint-stock limited liability
布广泛
company in December 2010,
the company went public on 21 January 2015 in A-share market. It currently has
2016 CAPA Best LCC in Asia 916.90mn shares after IPO in Jan. 2015 and placement in Feb. 2018.
Pacific Region
 Since that first flight in 2005, the company has launched more than 100 domestic
routes providing round-trip service between Shanghai, Shenyang, Shijiazhuang,
2014-2015 Shanghai Shenzhen, Yangzhou, Ningbo, Kityall, Lanzhou base and all of China's major
Advanced Enterprises cities except Beijing. In 2010, the company began openning international and
regional routes. It has now launched above 60 international and regional routes
持续扩大机
linking Shanghai and other main bases as队规模 well as tier 2/3 cities to Hong Kong,
No. 2 ranking in CAA's Macau, Taiwan, and main cities in Northeast and Southeast Asia.
safety and financial
assessment (2014)  As of end-2018, total assets reached Rmb26.6bn and 2018 net profit was RMB
1.50bn.
China Tourism Awards (Best  The company currently operates a fleet of 81 A320 aircrafts, the biggest all-
Low-cost Airline) (2015) Airbus fleet among China's private sector airlines, which will reach the size of 96
A320 aircrafts by the end of 2019 according to the agreements signed already.
3
Development History
Spring Airlines
Japan launches
18 July − 10-year A-share Placement
two non-stop Rmb 3.5 bn
anniversary of inaugural
routes between
flight; onboard local
China and Japan:
area network Wi-Fi
Spring Airlines' flight Tokyo-Wuhan and
system successfully
simulator is put into Tokyo-Chongqing
rolled out on
operation, further Xiamen/Shenzhen/Gua Feb 2018
Introduces its first improving flight safety ngzhou flights departing Feb 2016
Airbus A320 jet to and quality from Shanghai
Spring Airlines is be bought outright
established Aug 2014 July 2015
March 2009
Nov 2004
Jun 2016
Oct 2015
Sept 2011 Jan 2015 Issued RMB 2.3 bn

Share capital is
increased to 800m corporate bonds,
July 2005 listing in SSE
Spring Airlines Japan is 21 January − Spring shares through
established, with Spring Airlines stages A-share conversion of the
Makes inaugural Airlines holding a 33% IPO, celebrates by capital reserve fund
flight, marking the stake ringing the opening bell
official start of at the Shanghai Stock
operations for China's Exchange
first low-cost carrier
4
Operation Bases
In domestic market, the company
has main bases in Shanghai
Hongqiao Airport and Shanghai
Pudong Airport, and second-tier
Shijiazhuang Heilongjiang
bases in Shenyang Airport,
Airport Shenyang
Shijiazhuang Airport and Jilin Airport
Shenzhen Airport, also has set
new bases in Yangzhou Airport, Xinjiang Liaoning
Beijing
Ningbo Airport in East China and Inner Mongolia
Yangzhou
Tianjin
Jieyang Airport in South China for Hebei Airport
Ningxia Shanxi
strategic growth. Meanwhile, the Qinghai Gansu
Shandong
company keeps looking for Jiangsu
Shanxi Henan Shanghai Hongqiao
potential bases in southwest Tibet
Anhui Shanghai Airport, Shanghai
China, in order to support national Chongqing Hubei Pudong Airport
Sichuan
strategies of “one-belt-one-road”, Zhejiang
Beijing-Tianjin-Hebei region and Hunan Jiangxi
Yangtze economic zone Guizhou Fujian Ningbo

Taiwan Airport
development. Yunnan
Guangxi
Guangdong
New Base Hong Kong
For international routes, the Regional Base Jieyang Airport
company has set Bangkok, Province where Base located Hainan
Osaka and Jeju as overnight Shenzhen Airport

bases. Backed by domestic
network, the company targets  In 2019, the company will continue to construct network under current bases distribution,
southeast Asia market and keep decrease routes deviation from bases, increase the frequency of routes to/from the bases,
expending to northeast Asia enhance the maintenance and operation capability at the bases and the security facilities
construction including flight training and logistics support
11
Routes Network（by the end of 2018）
The overall structure of the
company has been relatively
stable in 2018, and the
domestic and international
capacity is more balanced.
In domestic, the additional
domestic capacity will
continue to be deployed in
new bases in 2018 because
of the limited additional
resources in the first-tier and
second-tier market.
Thailand, Japan and South

Korea are still the three
largest destination countries
as always, among which,
Thailand route contributes Shanghai & Shenzhen domestic routes
Shijiazhuang & Shenyang domestic
most additional capacity as routes
well as new slots this year. Yangzhou, Ningbo & Jieyang domestic
routes
Bangkok, Osaka & Jeju
Other domestic and international routes
13

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Spring Airlines Communication Materials

Strategic goal: "Become a competitive Low-Cost Carrier

2016 Skytrax Best LCC in

Sept 2011 Jan 2015 Issued RMB 2.3 bn

Beijing-Tianjin-Hebei region and Hunan Jiangxi

Yangtze economic zone Guizhou Fujian Ningbo

Osaka and Jeju as overnight Shenzhen Airport

Thailand, Japan and South

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