China Airlines Co (
China Airlines President Chris-tine Tsung (宗才怡) will travel to the US to sign the agreement, she said at the carrier's 42nd anniversary ceremony in Taipei.
The alliance with Delta will help China Airlines raise sales by allowing passengers to use China Airlines tickets to transfer onto Delta feeder services to US destinations on one ticket.
Taiwan's airlines are struggling as Taiwan's economy heads for its first full-year contraction and after demand for air travel and cargo services fell following the Sept. 11 attacks, in which hijacked commercial aircraft were slammed into the World Trade Center in New York and the Pentagon in Washington.
"This has been a tough year following the Sept. 11 terrorist attacks and the slowing economy," said China Airlines Chairman Lee Yun-ning (李雲寧) at the ceremony. "We expect next year to continue to be challenging as Taiwan's entry to the World Trade Organization brings more competition."
Tsung reiterated that the carrier expects to post a profit this year, helped by cost-cutting measures and lower fuel prices.
China Airlines said in October it expects a profit this year of NT$1.37 billion (US$40 million), a reduction from a previous target of NT$3 billion because of a slump in demand after the terrorist attacks in the US.
China Airlines' shares dropped NT$0.20, or 1.5 percent, to NT$13.15. Delta shares fell 3.6 percent to US$29.75 in the US yesterday.
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
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