Taiwan's largest carrier, China Airlines Corp., will pay US$1.1 million for
an 8 percent stake in Taikoo (Xiamen) Landing Gear Services Co Ltd,
a mainland firm that services landing gear for aircraft, the company said
The cross-Strait investment is the latest in a small but significant series
by the Taiwan airline which, like rival EVA Airways, is building a presence
in the Chinese mainland in anticipation that it may be able to offer
regular flights to the mainland in the future.
China Airlines will purchase the stake in Taikoo (Xiamen) Landing Gear
Services Co Ltd via an unnamed subsidiary, according to a statement posted on
the Taiwan Stock Exchange.
Hong Kong Aircraft Engineering Co. Ltd. (HAECO) holds a 50.2 percent stake of
The stake was bought from HAECO, Taikoo (Xiamen) Aircraft Engineering Co Ltd,
Xiamen Aviation Industry Co Ltd, Cathay Pacific Airways Ltd and Japan Airlines
International Co Ltd, China Airlines said, without providing details.
The purchase was subject to approval by relevant authorities, the company
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