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CAAC approves 36 additional cross-Strait services; Kingfisher shares gain

Analysis

Shares of China Airlines and EVA Airways gained on Wednesday - up 4.1% and 3.8%, respectively - after China's Taiwan Affairs Office confirmed CAAC approved up to 36 additional direct cross-Strait frequencies, to be operated by Taiwanese carriers, and is actively coordinating with respective parties in regards to a further nine additional frequencies awaiting approval.

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