Commercial Aircraft Corp. of China last week agreed to purchase a 48% stake in Sichuan Airlines subsidiary United Eagle Airlines in order to facilitate the sale of its ARJ21 and C919 aircraft. A COMAC source told ATWOnline that the manufacturer will invest CNY1 billion ($146.3 million) in Chengdu-based United Eagle, which under terms of the agreement will order 30 ARJ21s after the stake sale is concluded. Sichuan acquired 76.2% of UAE for CNY200 million six months ago as the carrier was on ...

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