China Development Financial Holding Corp (
China Development's banking unit plans to take over the airline after Goldsun Development & Construction Co (國產), which owns 60 percent of Transasia, reduces unprofitable Transasia's capital and sells new shares, said Transasia spokeswoman Janet So.
China Airlines (
The government wants the nation's six airlines to combine to boost profitability.
"Transasia has potential in terms of direct links and is the only domestic airline that flies to Macau," So said.
China Development may want to combine Transasia with 20 percent-owned Far Eastern Air Transport Co (
Transasia shares ground maintenance crews on the outlying islands of Kinmen and Penghu with Far Eastern. Transasia may consider a merger if that would improve profits, So said.
The board of Transasia, which carried about a third of the 2.4 million passengers traveling between Taiwan and Macau last year, approved the takeover, So said. Shareholders will vote on the plan at the end of March.
Goldsun has held talks about selling its Transasia stake with China Development, said Goldsun Finance Manager Ted Huang.
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