The Civil Aeronautics Administration (CAA) announced yesterday that it had finished amending its aviation pact with Italy, with both sides agreeing to increase the number of passenger and cargo flights.
China Airlines Ltd (CAL, 中華航空) is the nation’s only airline that operates flights between Taipei and Rome and offers three passenger flights and two cargo flights every week.
Under the current agreement, the contract has to be renewed every three months.
The deal between Taiwan and Italy was first signed in 1995.
Under the new pact, there will be seven passenger flights and four cargo flights per week.
Aside from Taipei and Rome, both have agreed to add Kaohsiung and Milan to the routes, the CAA said.
In addition, the pact allows airlines from both sides to fly transit flights following the principle of mutual benefit, as well as sign agreements regarding passenger seat reservations, sharing aircraft numbers or leasing aircraft, the CAA said.
Both CAL and EVA Airways Corp (長榮航空) said that they would submit plans on how to operate and manage the routes.
Asked about the possible transit points for flights, the CAA said the airlines from both sides could choose anywhere in Europe, North America or Southeast Asia.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing