Taiwanese carrier TransAsia Airways is planning to spend $200 million on new aircraft and set up a subsidiary in Japan to expand operations in Northeast Asia, business.asiaone.com website has reported. The airline's board of directors has approved a plan to buy nine aircraft from European aircraft maker ATR, open a Japanese unit and buy a new building in Taipei, it said in a statement, without disclosing financial details. The Commercial Times said the airline is expected to ...

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