Chengdu-based United Eagle Airlines, a privately held carrier, agreed to merge with Sichuan Airlines through the sale of a 56% stake for CNY200 million ($29.2 million). The deal comes days after another struggling private airline, East Star Airlines, rejected a purchase offer from Air China parent CNAC and was suspended by Chinese regulator CAAC (ATWOnline, March 17). Sichuan's stake in United Eagle has increased to 76%. Sichuan is controlled by the local government (40%) and China Southern ...

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