CAL, Rebuilding Domestic Role, Buys Formosa Airlines Stake
China Airlines has agreed to purchase 33% of the outstanding shares of Taiwanese domestic carrier Formosa Airlines for NT$20 (US$0.73) a share. The stock, worth a total of NT$660 million (US$24 million), currently is owned by Formosa's largest investor, James C.C. Liao, chairman of the ADI Group...
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