Taiwanese airlines yesterday welcomed Premier Frank Hsieh's (謝長廷) announcement that the government will allow them to fly through China's air space, although a formal arrangement still has to be hammered out in negotiations between the two governments.
"It is good news for both carriers and consumers, who will be able to shorten their flying time," said Nieh Kuo-wei (
EVA Airways, the nation's second-largest carrier, said the new measure could help the company save between NT$150 million (US$4.7 million) and NT$200 million in fuel costs, although passengers would undoubtedly be the biggest beneficiary.
PHOTO: FANG PIN-CHAO, TAIPEI TIMES
Nieh said that six of EVA Airways' routes could be changed to fly over China's air space, which would strengthen the carrier's competitive edge.
Flying over China would shorten the Taipei-Paris route by one hour to 11 hours. Ten to 15 minutes could be shaved off the Taipei-Hanoi route, and the cargo flight between Taipei and New Delhi or Mumbai could be shortened by 15 to 30 minutes.
Boosted by the latest cross-strait development, share prices of EVA Airways soared 4.7 percent to NT$15.75 on the Taiwan Stock Exchange yesterday.
China Airlines (
However, the government will first have to issue formal documents making legal provision for flights across China, following which carriers will have to apply for approval from the Chinese government, Nieh said.
"There's nothing special in this case, as we all have to follow the customary practice of getting approval from the nations whose air space our aircraft will have to fly across," he said.
Currently, airliners have to skirt China's air space as stipulated in the Act Governing Relations Between Peoples of The Taiwan Area and the Mainland Area (
China Airlines, the nation's largest carrier, said it will conduct an assessment to choose suitable routes for the application.
The company currently operates 19 passenger flights and 13 cargo flights to Europe per week.
"It's hard to say how much we can save before carefully calculating the range of effects it will create," said China Airlines spokesman Johnson Sun (
"But we'll definitely apply for approval for flights between Taipei and New Delhi, Hanoi and Vienna," Sun said.
On the question of whether Hsieh's proposal would pave the way for direct links between Taiwan and China, Sun said that if direct charter flights across the Taiwan Strait could be launched on a regular basis, it would certainly be a good thing.
"It's too early to say that the government's message will act as a prelude to the implementation of direct links," Nieh said.
"It still requires some time of observation as there are other obstacles to be removed," he said.
JITTERS: Nexperia has a 20 percent market share for chips powering simpler features such as window controls, and changing supply chains could take years European carmakers are looking into ways to scratch components made with parts from China, spooked by deepening geopolitical spats playing out through chipmaker Nexperia BV and Beijing’s export controls on rare earths. To protect operations from trade ructions, several automakers are pushing major suppliers to find permanent alternatives to Chinese semiconductors, people familiar with the matter said. The industry is considering broader changes to its supply chain to adapt to shifting geopolitics, Europe’s main suppliers lobby CLEPA head Matthias Zink said. “We had some indications already — questions like: ‘How can you supply me without this dependency on China?’” Zink, who also
At least US$50 million for the freedom of an Emirati sheikh: That is the king’s ransom paid two weeks ago to militants linked to al-Qaeda who are pushing to topple the Malian government and impose Islamic law. Alongside a crippling fuel blockade, the Group for the Support of Islam and Muslims (JNIM) has made kidnapping wealthy foreigners for a ransom a pillar of its strategy of “economic jihad.” Its goal: Oust the junta, which has struggled to contain Mali’s decade-long insurgency since taking power following back-to-back coups in 2020 and 2021, by scaring away investors and paralyzing the west African country’s economy.
BUST FEARS: While a KMT legislator asked if an AI bubble could affect Taiwan, the DGBAS minister said the sector appears on track to continue growing The local property market has cooled down moderately following a series of credit control measures designed to contain speculation, the central bank said yesterday, while remaining tight-lipped about potential rule relaxations. Lawmakers in a meeting of the legislature’s Finance Committee voiced concerns to central bank officials that the credit control measures have adversely affected the government’s tax income and small and medium-sized property developers, with limited positive effects. Housing prices have been climbing since 2016, even when the central bank imposed its first set of control measures in 2020, Chinese Nationalist Party (KMT) Legislator Lo Ting-wei (羅廷瑋) said. “Since the second half of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) received about NT$147 billion (US$4.71 billion) in subsidies from the US, Japanese, German and Chinese governments over the past two years for its global expansion. Financial data compiled by the world’s largest contract chipmaker showed the company secured NT$4.77 billion in subsidies from the governments in the third quarter, bringing the total for the first three quarters of the year to about NT$71.9 billion. Along with the NT$75.16 billion in financial aid TSMC received last year, the chipmaker obtained NT$147 billion in subsidies in almost two years, the data showed. The subsidies received by its subsidiaries —