Sichuan Airlines and TransAsia Airways of Taiwan are in negotiations to launch a new carrier based in Shanghai, according to Lin Xiaoxin, president of Goldsun Group, TransAsia's biggest shareholder. "Currently we are discussing relevant details with TransAsia Airways to launch a new airline, but so far no agreement has been reached," a Sichuan source told ATWOnline. It is expected that Sichuan will have a controlling stake in the new entity, which would be in accordance with CAAC regulations ...

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