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.
A Chinese aircraft carrier group entered Japan’s economic waters over the weekend, before exiting to conduct drills involving fighter jets, the Japanese Ministry of Defense said yesterday. The Liaoning aircraft carrier, two missile destroyers and one fast combat supply ship sailed about 300km southwest of Japan’s easternmost island of Minamitori on Saturday, a ministry statement said. It was the first time a Chinese aircraft carrier had entered that part of Japan’s exclusive economic zone (EEZ), a ministry spokesman said. “We think the Chinese military is trying to improve its operational capability and ability to conduct operations in distant areas,” the spokesman said. China’s growing
Nine retired generals from Taiwan, Japan and the US have been invited to participate in a tabletop exercise hosted by the Taipei School of Economics and Political Science Foundation tomorrow and Wednesday that simulates a potential Chinese invasion of Taiwan in 2030, the foundation said yesterday. The five retired Taiwanese generals would include retired admiral Lee Hsi-min (李喜明), joined by retired US Navy admiral Michael Mullen and former chief of staff of the Japan Self-Defense Forces general Shigeru Iwasaki, it said. The simulation aims to offer strategic insights into regional security and peace in the Taiwan Strait, it added. Foundation chair Huang Huang-hsiung
PUBLIC WARNING: The two students had been tricked into going to Hong Kong for a ‘high-paying’ job, which sent them to a scam center in Cambodia Police warned the public not to trust job advertisements touting high pay abroad following the return of two college students over the weekend who had been trafficked and forced to work at a cyberscam center in Cambodia. The two victims, surnamed Lee (李), 18, and Lin (林), 19, were interviewed by police after landing in Taiwan on Saturday. Taichung’s Chingshui Police Precinct said in a statement yesterday that the two students are good friends, and Lin had suspended her studies after seeing the ad promising good pay to work in Hong Kong. Lee’s grandfather on Thursday reported to police that Lee had sent
A Chinese ship ran aground in stormy weather in shallow waters off a Philippines-controlled island in the disputed South China Sea, prompting Filipino forces to go on alert, Philippine military officials said yesterday. When Philippine forces assessed that the Chinese fishing vessel appeared to have run aground in the shallows east of Thitu Island (Jhongye Island, 中業島) on Saturday due to bad weather, Philippine military and coast guard personnel deployed to provide help, but later saw that the ship had been extricated, Philippine navy regional spokesperson Ellaine Rose Collado said. No other details were immediately available, including if there were injuries among
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