China Airlines Ltd (CAL, 中華航空) has put its last four Boeing Co 747-400 passenger jets up for sale as part of a plan to retire the model from its fleet in the first quarter of next year.
The company told reporters that it has commissioned an asset management company to handle the sale of the aircraft, which were delivered to the company between December 2004 and April 2005.
They include B-18210, which was delivered in Boeing’s Dreamliner livery in 2004, and B-18215, the last of the passenger models to be manufactured, CAL said.
Photo: Taipei Times
Once the workhorses of CAL’s long-haul service, the four-engine jumbo jets were mainly used on regional routes, such as Okinawa, Shanghai and Guangzhou, following the introduction of the more efficient twin-engine Boeing and Airbus SE jets.
The outgoing model is not featured in the company’s timetable published for its winter season from Oct. 25 to March 27 next year.
The COVID-19 pandemic, which has heavily affected the aviation industry, accelerated the company’s decision to retire its jumbo jets, CAL said.
The company posted a net loss of NT$707 million (US$24.5 million) for the July-to-September quarter.
It operated a fleet of 18 Boeing 747-400F cargo planes as of September, according to monthly statistics published by the Civil Aeronautics Administration.
Main domestic rival EVA Airways Corp (長榮航空) retired its last Boeing 747-400 in August 2017, while legacy carriers that have celebrated their centennials since late last year — British Airways PLC, Australia's Qantas Airways Ltd and KLM Royal Dutch Airlines — all bid farewell to the model this year.
Separately yesterday, United Airlines Holdings Inc said it would increase its passenger flights between Taipei and San Francisco from three flights per week to five, starting on Dec. 5.
The US airline resumed its flight services between Taipei and San Francisco on Tuesday last week after suspending them on March 19 because of the pandemic.
Under the new schedule, the flights from Taipei are to depart on Tuesdays, Wednesdays, Fridays, Saturdays and Sundays, while the return flights are to depart San Francisco on Mondays, Wednesdays, Thursdays, Fridays and Sundays.
The carrier is using Boeing 777-300ER passenger jets on the route.
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
A Chinese factory owned by South Korean semiconductor giant SK Hynix Inc yesterday halted operations after a plant worker was found to have an asymptomatic infection of COVID-19, Xinhua news agency reported. The South Korean worker based at the plant in Chongqing since February had departed on Thursday for South Korea, Xinhua reported. He was tested at Incheon Airport in Seoul and confirmed positive for COVID-19 on Saturday, it reported. All factory staff as well as staff and recent guests at the hotel where the worker lived have been isolated and given nucleic acid tests, the agency said. “We’re cooperating with the local government
FIVE NEW FABS: An acquisition of Siltronic would boost GlobalWafers’ market share from 17 to 30 percent, easily surpassing Japanese rival Sumco’s 25 percent GlobalWafers Inc (環球晶圓) yesterday said it is in final talks to acquire Germany-based Siltronic AG in a 3.75 billion euro (US$4.5 billion) deal, which might help it compete with its closest rival Sumco Corp of Japan. The acquisition would be the fifth for GlobalWafers since 2008, as it has grown to become the world’s No. 3 supplier of silicon wafers through such deals. GlobalWafers, which has a 17 percent market share, would see its market position greatly elevated to 30 percent when combined with Siltronic’s 13 percent, according to a presentation Siltronic gave to its investors at a quarterly conference in August. Sumco
A year of crisis for the lira has kept people in Turkey buying gold at a record pace. Now the appetite for more bullion risks becoming a drag on the currency just as a rally struggles to regain momentum. In the two weeks after Turkish President Recep Tayyip Erdogan cleared out the leadership ranks blamed for failing to stabilize the lira and draining reserves, Turkish retail investors and firms added US$2.2 billion to their gold holdings, taking them to US$36.4 billion, or almost triple the total last year, Turkish central bank data showed. People are not relenting in their zeal to own