Thai Airways International has demanded that European plane maker Airbus pay fines and additional compensation for a two-year delay in delivery of A380 superjumbo jets, the airline said yesterday.
"Negotiations with Airbus started last month and remain under way, with the exact amount of the fines still not decided. We also demanded other forms of compensation for damages caused to our business," Thai Airways president Apinan Sumanaseni said.
"We aim to conclude the negotiations this month. Then, it would be subject to the board's consideration by mid-December for a final decision," he added.
The carrier ordered six 555-seat Airbus A380s, but the delivery has been postponed by 22 months from the original date in 2009.
The first three are scheduled for delivery in early 2011, while no date has been set for the remaining three aircraft.
Apinan said Thai Airways has yet to rule out canceling its orders.
"It depends on the negotiations; if we are not satisfied with the results, the deal needs to be canceled," he said.
The Bangkok Post newspaper put the value of six A380s at US$1.7 billion, but Apinan declined to confirm exact figure, saying only that the reported number is "too high."
Airbus announced on Thursday that its A380, the world's largest aircraft, will make its first visit to Thailand this week.
The superjumbo is due to touch down at Bangkok's new Suvarnabhumi airport on Tuesday and depart on Thursday.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Pegatron Corp (和碩), an iPhone assembler for Apple Inc, is to spend NT$5.64 billion (US$186.82 million) to acquire HTC Corp’s (宏達電) factories in Taoyuan and invest NT$578.57 million in its India subsidiary to expand manufacturing capacity, after its board approved the plans on Wednesday. The Taoyuan factories would expand production of consumer electronics, and communication and computing devices, while the India investment would boost production of communications devices and possibly automotive electronics later, a Pegatron official told the Taipei Times by telephone yesterday. Pegatron expects to complete the Taoyuan factory transaction in the third quarter, said the official, who declined to be