Taiwan airline to buy China carrier stake
5th Sep 2005, 14:46 GMT
TAIPEI, Taiwan (AP) - China Airlines Ltd., Taiwan's largest airline, said Monday it will join with two shipping companies to buy a combined 37 percent stake in mainland Chinese air cargo carrier Yangtze River Express Airlines Co. The deal marks China Airlines' latest effort to tap into the mainland's rapidly growing cargo market, after it failed to close a deal to buy a 25 percent stake in another Chinese cargo airline after four years of negotiations.