EVA Airways Corp (長榮航空) on Tuesday said it would spend more than US$600 million upgrading 14 Boeing Co 777-300ER aircraft and buying engines with the aim of securing a competitive edge in the global market.
EVA aims to spend up to US$354 million on the upgrade, which is expected to begin in 2026 and involve making improvements to 14 Boeing 777-300ER passenger planes that are less than 10 years old, the airline said in a regulatory filing.
The work would include improving cabin seats, in-flight entertainment systems and the wider cabin environment, while adding seats for the airline’s “Royal Laurel” business class product to meet increasing demand, it said.
Photo: Taipei Times file photo
EVA also plans to purchase five Trent XWB97 engines from Rolls-Royce PLC worth US$282 million for maintenance purposes, it said.
The airline last month said it would buy 18 Airbus SE A350-1000 wide-body aircraft with deliveries set to take place from 2026 to 2030, as well as 15 A321neo narrow-body aircraft with deliveries scheduled for 2029 to 2032.
The introduction of the 33 new planes is expected to cost EVA about US$10.1 billion — its largest purchase deal ever.
The A350-1000 is a new Airbus long-haul passenger plane that EVA plans to deploy on services to and from North America, while the A321neo is the most popular narrow-body passenger aircraft for short to mid-range flights in the international airline business.
EVA has 86 planes, with deliveries of four Boeing 787-10 and nine Boeing 787-9 passenger planes, and one Boeing 777F cargo plane scheduled to be completed by 2027.
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co. (better known as Foxconn) ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose 60 places to reach No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc. at 348th, Pegatron Corp. at 461st, CPC Corp., Taiwan at 494th and Wistron Corp. at 496th. According to Fortune, the world’s
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
DIVERSIFYING: Taiwanese investors are reassessing their preference for US dollar assets and moving toward Europe amid a global shift away from the greenback Taiwanese investors are reassessing their long-held preference for US-dollar assets, shifting their bets to Europe in the latest move by global investors away from the greenback. Taiwanese funds holding European assets have seen an influx of investments recently, pushing their combined value to NT$13.7 billion (US$461 million) as of the end of last month, the highest since 2019, according to data compiled by Bloomberg. Over the first half of this year, Taiwanese investors have also poured NT$14.1 billion into Europe-focused funds based overseas, bringing total assets up to NT$134.8 billion, according to data from the Securities Investment Trust and Consulting Association (SITCA),