Graph: Taiwan investment groups headed by Taipei-based China Airlines signed a contract with Hainan Airlines in Haikou to become a shareholder of Hainan Airlines' Yangtze River Express on 12th September 2005. China Airlines got 25% holdings, three Taiwan transportation enterprises such as Yes Logistics Corp., Yang Ming Marine Transport Corp., Wan Hai Lines Ltd. got an average of 8% holdings. This action was the first example of cross-strait joint investment in airline operations. Photo: Wang Xinli (Xinhua)

On 13th June 2006, EVA Airways Corporation released the news to confirm that, it would partner with mainland Shanghai Airlines Co., Ltd. formally, invest "Shanghai International Cargo Airways", join the competition for Mainland's air cargo market, total investment was US$3.88 million. In the future, EVA Airways Corporation will own 25% holdings. EVA Airways Corporation indicated that, official documents had been sent to Taiwan's "Ministry of Economic Affairs's Investment Approval Council" formally.

According to Taiwan "bcc.com.tw", EVA Airways Corporation released the important news in the morning of 13th June, carrier's board of directors formally approved to invest in "Shanghai International Cargo Airways Ltd.", and submitted the application to the "Approval Council" the same morning, the investment amount was US$3.88 million, EVA will hold 25% stock while Shanghai Airlines Co., Ltd. will have 55% holdings. (Translation: CARNOC Tao Mengping)

Original Address: http://news.carnoc.com/list/70/70354.html