Starting next month, Starlux Airlines Co (星宇航空) is to increase its number of flights to Macau and Penang, Malaysia, to meet rising air cargo demand and help its pilots build up flight hours, the airline said yesterday.
From Aug. 1, Starlux is to offer four round-trip flights from Taiwan Taoyuan International Airport to Macau International Airport every Tuesday, Wednesday, Friday and Sunday, compared with three per week now, it said in a statement.
It would also operate three round-trip flights per week from Taoyuan to Penang International Airport every Tuesday, Thursday and Saturday, from two at present, it said.
Photo courtesy of StarLux Airlines
Although air travel is unlikely to rebound quickly in the third quarter as the COVID-19 pandemic shows no signs of slowing, Starlux decided to expand its operations on expectations that the air cargo business would remain rosy, spokesman Nieh Kuo-wei (聶國維) told the Taipei Times by telephone.
The airline, which was struck by the pandemic after beginning operations on Jan. 23, has been concentrating on cargo services between Taiwan and Macau and Penang to mitigate the effects of a faltering passenger business amid travel restrictions.
“Frankly speaking, we would operate the flights even without any passenger, as the cargo revenue would be enough to cover variable costs,” Nieh said.
However, Starlux has yet to resume its operations to Da Nang, as Vietnam has not eased its restrictions on air travel and cargo demand is low, he said.
Starlux also wants its pilots to accumulate more flight hours, which would give it an advantage when applying to the Civil Aeronautics Administration to launch new flights, Nieh said.
In related news, EVA Airways Corp (長榮航空) yesterday said it is likely to increase its flights in the third quarter, as many countries ease border controls.
“We adjust our flight schedules on a rolling basis depending on the pandemic, official measures and consumer demand,” it said.
In the short term, domestic air travel would continue to outperform international travel, as a mandatory 14-day quarantine for returning citizens has dampened desire to travel abroad, it said.
As EVA lends its planes to Uni Air (立榮航空), which has been increasing its flights to outlying islands due to high demand, it also benefits from the domestic travel boost, it said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
VOTE OF CONFIDENCE: The Japanese company is adding Intel to an investment portfolio that includes artificial intelligence linchpins Nvidia Corp and TSMC Softbank Group Corp agreed to buy US$2 billion of Intel Corp stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes artificial intelligence (AI) linchpins Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is to pay US$23 a share — a small discount to Intel’s last close. Shares of the US chipmaker, which would issue new stock to Softbank, surged more than 5 percent in after-hours trading. Softbank’s stock fell as much as 5.4 percent on Tuesday in Tokyo, its
COLLABORATION: Softbank would supply manufacturing gear to the factory, and a joint venture would make AI data center equipment, Young Liu said Hon Hai Precision Industry Co (鴻海精密) would operate a US factory owned by Softbank Group Corp, setting up what is in the running to be the first manufacturing site in the Japanese company’s US$500 billion Stargate venture with OpenAI and Oracle Corp. Softbank is acquiring Hon Hai’s electric-vehicle plant in Ohio, but the Taiwanese company would continue to run the complex after turning it into an artificial intelligence (AI) server production plant, Hon Hai chairman Young Liu (劉揚偉) said yesterday. Softbank would supply manufacturing gear to the factory, and a joint venture between the two companies would make AI data
DOLLAR SIGNS: The central bank rejected claims that the NT dollar had appreciated 10 percentage points more than the yen or the won against the greenback The New Taiwan dollar yesterday fell for a sixth day to its weakest level in three months, driven by equity-related outflows and reactions to an economics official’s exchange rate remarks. The NT dollar slid NT$0.197, or 0.65 percent, to close at NT$30.505 per US dollar, central bank data showed. The local currency has depreciated 1.97 percent so far this month, ranking as the weakest performer among Asian currencies. Dealers attributed the retreat to foreign investors wiring capital gains and dividends abroad after taking profit in local shares. They also pointed to reports that Washington might consider taking equity stakes in chipmakers, including Taiwan Semiconductor