Air Transport World

China National Aviation Corp.(Brief Article)(Statistical Data Included)

A subsidiary of EVA Air of Taiwan purchased 2 million shares representing 5% of Macau-based Air Macau from its largest shareholder, China National Aviation Corp. Price was HK$25 million ($3.2 million). "We believe Macau-Taiwan service has a very bright future," an EVA official said. Air Macau offers more than 60 Macau-Taiwan roundtrips weekly, EVA more than 20.

This represents the first cross-shareholding in a single company by two firms from different sides of the polarized Taiwan Strait and gives EVA a useful nodal point in the improving China market. …

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