NordLB and Standard Chartered close finance lease for Spring Airlines

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NordLB and Standard Chartered Bank, as arrangers, closed a finance lease on an Airbus A320-200 aircraft with Chinese low-cost carrier Spring Airlines.

Separately, the airline, which operates a fleet of 27 A320-200 aircraft, is eyeing an initial public offering this year to help fund its fleet expansion.

Spring Airlines has orders for eight A320-200 aircraft, according to Flightglobal's ACAS database.