Fri, Jan 10, 2014 - Page 13 News List

TransAsia sees stronger momentum

By Amy Su  /  Staff reporter

TransAsia Airways Corp (復興航空) chairman Vincent Lin (林明昇) yesterday said that he expected the company to see stronger business momentum this year on the back of a series of operational adjustments made last year.

However, Lin did not elaborate on the firm’s sales and earnings guidance for this year.

TransAsia reported a net loss of NT$82.63 million (US$2.73 million), or a loss per share of NT$0.15, in the first three quarters of last year, with consolidated sales for the first 11 months of last year climbing 22.89 percent to NT$11.26 billion from a year earlier, company data showed.

The carrier is scheduled to launch four or five new routes in the first half of this year, Lin said.

However, the firm has no plan to purchase new aircraft this year, Lin said. Rather, the company is considering chartering more planes.

Lin made the remarks ahead of the company’s annual party with employees in New Taipei City (新北市), which was also attended by employees from two other affiliate companies, Goldsun Development & Construction Co (國產實業) and security service provider Taiwan Secom Co (中興保全), subsidiaries of SIGMU Group.

Lin Shiaw-shinn (林孝信), chairman of the group, said it is targeting 20 percent growth in consolidated sales and earnings this year.

Lin forecast that the group’s total revenue would be NT$60 billion this year, with more than NT$4 billion in profit.

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