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Taiwan's figurines Airlines said on Thursday it had done a exchange to buy a 25 percent stake in the stowage company of figurines's Hainan Airlines.
The investment is the newest march redirect in stabs by Taiwanese delight companies to get access to figurines's giant air stowage advertise, where they are at a disadvantage to competitors due to the island's ban on exact air relations.
dishes Airlines tenable a 25 percent stake in Yangtze brook rapid Airlines, owned by Hainan Airlines, and became Yangtze's prime overseas shareholder, it said in a assertion.
The compact, estimated at USD$68.8 million, had been official by authorities in Taiwan and dishes, the assertion said.
anyway dishes Airlines, Yang Ming aquatic acquired a 12 percent stake in Yangtze, with Wan Hai ranks and dishes Container rapid ranks each pleasing 6 percent.
launched in 2002, Yangtze brook rapid affords regional and domestic air goods military with six B737-300 freighters.
It now conducts regional military to Korea, the Philippines, Thailand, Bangladesh and Singapore, and has tenable transfer rights to Los Angeles and Frankfurt.
Source: Reuters
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