Mon, Dec 29, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

TELECOMS

Leo Systems ready for loss

Leo Systems Inc (國眾電腦) said it will book about NT$102 million (US$3.21 million) in an asset loss reserve fund for this year, after First International Telecom Co (大眾電信) declared bankruptcy on Friday. The figure represents 5.83 percent of the company’s total assets, it said in a statement filed with the Taiwan Stock Exchange. Leo Systems will continue to monitor the development of the phone company’s bankruptcy, as First International Telecom still has NT$68.23 billion worth of WiMAX equipment in collateral. Leo Systems booked NT$96.4 million in asset loss reserve for the first three quarters of this year from First International Telecom, it said in a filing with the Taiwan Stock Exchange on Saturday. First International Telecom is the nation’s sole personal handy-phone system provider.

TRANSPORTATION

Spring Air recruits crew

The first batch of Taiwanese flight attendants recruited by Shanghai-based budget carrier Spring Airlines (春秋航空) will start serving on board flights next spring. According to Wang Suyu (汪束雨), general manager of Spring Airlines’ Taiwan branch, about 60 flight attendants were selected from among 900 Taiwanese applicants last month. They will receive three months of training in Shanghai before they take to the sky in April at the earliest. Taiwanese flight attendants will first serve on cross-strait and domestic routes in China. Spring Airlines said it hopes that the hospitality of Taiwanese crew members would help sharpen its competitive edge. Spring Airlines now operates 11 weekly flights between Taiwan and China — five on the Taoyuan-Shanghai route, three on the Kaohsiung-Shanghai route and three on the Taoyuan-Shijiazhuang route.

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