Shares of Juneyao Airlines, or known as "Jixiang Airlines", have surged by 44% during its first trading day in Shanghai stock exchange on Wednesday.
This has made the shares of Shanghai-based budget airlines close at some 2.6 USD (16.1 yuan) from IPO price of some 11 yuan.
Privately owned by Juneyao Group, the airlines launched its service in 2006; it now has a fleet of 42 airbus A320 crafts.
It has reported a 26% rise of net income last year.
Juneyao is also the second private carrier listed in the A-share market after Spring Airlines.
For more on this, CRI's Paul James earlier spoke with Doug Young, associate professor at Fudan University and former China company news chief at Reuters.
