China Airlines Co (中華航空) said yesterday that it will take delivery of two new B737-800 passenger jets as it mulls the purchase of 16 aircraft amid pressure from Boeing and Airbus.
The two new jets brings the number of B737-800s in China Airlines' fleet to 11.
The airline said its passenger fleet would be simplified in time into only four types -- B747-400, B737-800, A340-300 and A300-600R. China Airlines retired its last MD-11 passenger jet earlier this month.
The average age of the carrier's fleet, which includes 41 passenger and 15 cargo aircraft, is now 5.8 years, it said.
China Airlines is speeding up its fleet rejuvenation plans after one of its Boeing 747-200 passenger jets disintegrated in mid-air before plunging into the Taiwan Strait on May 25, killing all 225 people aboard.
The carrier yesterday said sales in June fell 11 percent from a year earlier to NT$5.33 billion (US$157 million). For the first half, sales rose 6 percent to NT$36.1 billion from NT$34.1 billion, it said.
Douglas Paal, the chief of the Taipei Office of the American Institute in Taiwan (AIT), visited Minister of Transportation and Communications Lin Ling-san (林陵三).
During the meeting, Lin told Paal, who took up his new post July 1, that the China Airlines aircraft deal was a commercial deal, and the ministry would not interfere.
This is dispite the well-known fact that the ministry controls the management of China Aviation Development Foundation (
Chinese-language newspapers last week said Europe's Airbus is seeking US$410 million less than US-based Boeing Co in a bid to win aircraft orders from Taiwan's biggest airline. China Airlines is buying 16 new planes for about US$1.5 billion and wants the supplier to purchase six used Airbus 340s in return, the papers said.
Airbus had quoted China Airlines US$127 million for an A330 and offered to buy back the A340s for US$86 million apiece, the papers said. Boeing wanted US$132 million for a 777 jet and had offered to buy the used planes for US$31 million each.
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Japan approved ¥631.5 billion (US$3.97 billion) in additional subsidies to hasten Rapidus Corp’s entry into the high-stakes artificial intelligence (AI) chipmaking arena, ramping up support for a project widely regarded as a long shot. The capital is intended to bankroll Rapidus’ work for information technology firm Fujitsu Ltd, one of the initial customers that Tokyo hopes would get the signature endeavor off the ground. The new money raises the fees and investments that the government is injecting into the start-up to ¥2.6 trillion by the end of the current fiscal year to March next year, the Japanese Ministry of Economy, Trade and
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to