Surging demand for flight services between Taiwan and China amid warming cross-strait links has prompted major carriers, including China Airlines Ltd (CAL, 中華航空) and EVA Airways Corp (長榮航空), to expand their fleets.
CAL spokesman Hamilton Liu (劉國芊) said yesterday that the company has bought 14 new A350 passenger planes.
Since delivery of the planes will not begin until the end of 2015 and nine CAL-owned 747s will be grounded for interior renovations in the next two years, the company will lease five A330s within the next 15 months for cross-strait services, Liu said.
Meanwhile, EVA Airways said that it would lease three A330-300s before the fourth quarter next year for Asian routes.
The second-largest airline in Taiwan began its plan to expand its fleet of Boeing 777s in 2005.
The last plane in the order will be delivered by early next year, EVA said.
Taipei-based TransAsia Airways Corp (復興航空) has said that it will clarify any fleet expansion plans by today at the earliest.
TransAsia mainly serves the domestic market, but also has limited scheduled and chartered international services to China, East Asia and Southeast Asian destinations.
The company, which is planning to increase its flight services on mid and long-range air routes, is expected to list on Taiwan’s emerging stock market tomorrow after showing improved results thanks to growing demand for flights between Taiwan and China.
TECH TITAN: Pandemic-era demand for semiconductors turbocharged the nation’s GDP per capita to surpass South Korea’s, but it still remains half that of Singapore Taiwan is set to surpass South Korea this year in terms of wealth for the first time in more than two decades, marking a shift in Asia’s economic ranks made possible by the ascent of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). According to the latest forecasts released on Thursday by the central bank, Taiwan’s GDP is expected to expand 4.55 percent this year, a further upward revision from the 4.45 percent estimate made by the statistics bureau last month. The growth trajectory puts Taiwan on track to exceed South Korea’s GDP per capita — a key measure of living standards — a
Samsung Electronics Co shares jumped 4.47 percent yesterday after reports it has won approval from Nvidia Corp for the use of advanced high-bandwidth memory (HBM) chips, which marks a breakthrough for the South Korean technology leader. The stock closed at 83,500 won in Seoul, the highest since July 31 last year. Yesterday’s gain comes after local media, including the Korea Economic Daily, reported that Samsung’s 12-layer HBM3E product recently passed Nvidia’s qualification tests. That clears the components for use in the artificial intelligence (AI) accelerators essential to the training of AI models from ChatGPT to DeepSeek (深度求索), and finally allows Samsung
READY TO HELP: Should TSMC require assistance, the government would fully cooperate in helping to speed up the establishment of the Chiayi plant, an official said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its investment plans in Taiwan are “unchanged” amid speculation that the chipmaker might have suspended construction work on its second chip packaging plant in Chiayi County and plans to move equipment arranged for the plant to the US. The Chinese-language Economic Daily News reported earlier yesterday that TSMC had halted the construction of the chip packaging plant, which was scheduled to be completed next year and begin mass production in 2028. TSMC did not directly address whether construction of the plant had halted, but said its investment plans in Taiwan remain “unchanged.” The chipmaker started
LOOKING BRIGHT: Taiwanese tech stocks have been trading at 18 to 19 times earnings, beating the 15 percent long-term average amid AI-driven optimism, an analyst said Taiwan’s economy could expand by as much as 5 percent this year, fueled by its technology manufacturing edge amid a global artificial intelligence (AI) boom, while tariff exemptions on semiconductor products keep the country’s levy burden low despite a headline rate of 20 percent, UBS Investment Bank said yesterday. “Although Washington has imposed a 20 percent tariff on goods from Taiwan, exemptions for semiconductors keep the weighted average low,” UBS senior economist for Asia and China William Deng (鄧維慎) said. The growth momentum is expected to extend into next year, with technology companies’ revenue projected to rise 17 percent, UBS research head