Tigerair Taiwan (台灣虎航), a budget airline joint venture between Taiwan’s China Airlines (CAL, 中華航空) and Singapore’s Tiger Airways, said on Thursday it will launch its maiden flight to Singapore late next month.
Tigerair said on Facebook that it will take delivery of its first aircraft early next month in preparation for the launch of a daily round-trip flight to Singapore later in the month.
Budget carriers already operating on the Taiwan-Singapore route are Tiger Airways, Jetstar and Scoot, while legacy carriers on the route are CAL, EVA Airways (長榮航空) and Singapore Airlines.
PASSENGER LOAD
Their average passenger load in summer is 90 percent, according to industry sources.
Tigerair Taiwan, the country’s first low-cost airline, said it will release more information next week about its flights.
It had said earlier that it was also considering including destinations such as Macau, Hong Kong, Japan and South Korea in its initial flight network.
In December last year, CAL and Tiger Airways agreed to set up Tigerair Taiwan to tap into the budget airline business. CAL holds a 90 percent stake with an investment of NT$1.8 billion (US$59.62 million) in the new carrier, which has paid-in capital of NT$2 billion.
V AIR PLAN
Meanwhile, V Air (威航), which was established in November last year as a low-cost subsidiary of Taiwan’s TransAsia Airways Corp (復興航空), said it is likely to stick to its plan to start operations in the fourth quarter of this year.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
AI-FUELED DEMAND: The company has been benefiting from the skyrocketing prices for DRAM chips amid the AI frenzy, especially its core product — DDR4 DRAM chips DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday reported that its revenue for the first quarter surged 582.91 percent to NT$49.09 billion (US$1.54 billion) from NT$7.19 billion a year earlier, as the supply crunch caused chip price spikes. Last quarter’s figure is the highest on record. On a quarterly basis, revenue jumped 63.14 percent from NT$30.09 billion, the company said. In January, Nanya Technology expected global DRAM supply scarcity to continue through the first half of 2028, thanks to strong demand for artificial intelligence (AI) applications. Market researcher TrendForce Corp (集邦科技) forecast prices of standard DRAM chips would rise between 58 percent and 63