Guest

Taiwan's Cdfhc To Buy CI

Thu Jun 27, 2002 1:23 am

Taiwan's China Development Financial Holding Corp (CDFHC) said on Wednesday it has a keen interest in investing in China Airlines as the government has vowed to privatise the island's largest carrier.

The chairman, Liu Tai-Ying expressed his interest to the media this morning. He quote "I've been asking China Airlines' parent to release their stake 4 to 5 years ago. Under their current situation (4 or 5 years ago), CI will have a big problems. It's been 5 years now and there's no sign of CI's stake being released. I won't say anything right now because CI did have a big problem now." Liu said he'll try to twist the bad reputation of CI to the most safest airline in the world.

Liu also said that according to the current Taiwan's civil aviation market, there's only room for 2 to stay. As a result, he'll merge China Airlines, Far Eastern Air Transport, and Transasia Airways under a single, big company. The new airline will also establish its on aircraft maintainance company. The new China Airlines will cooperate with British Airways, American Airlines and other famous carriers.

CDFHC recently bought majority of shares of Transasia Airways.

The chairman of CDFHC, Liu Tai-Ying, is known as the "Boss of business" of Taiwan's Kuo Ming Tung (KMT). He was the guy who said Taiwan has the ability to shoot missile to Hong Kong 3 years ago.


Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos