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Taiwan’s airline stocks soar with news of possible lifting of foreigner entry ban

Shares in EVA Airways and China Airlines both jumped 9%

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Taiwan’s airline stocks soar with news of possible lifting of foreigner entry ban

(Wikimedia Commons photo)

TAIPEI (Taiwan News) — Taiwan’s airline stocks soared this morning after the country’s Central Epidemic Command Center (CECC) head Chen Shih-chung (陳時中) announced on Sunday (Feb. 21) that the agency was looking into the possibility of lifting the entry ban on foreigners without a residence permit March 1.

Chen added that the CECC plans revert to the border control measures implemented last December, which require all travelers and transit passengers to provide a COVID-19 RT-PCR test report within three days of flying to Taiwan. However, the quarantine policy will still continue after March 1, he added.

As COVID-19 vaccines are becoming available, there will be a great demand for chartered planes to transport vaccines around the world, per CNA. With help from the jabs, the doom and gloom surrounding the pandemic will begin to dissipate, and passenger flights will gradually revive, the report said.

Shares in EVA Airways jumped 9 percent to NT$15.65, and China Airlines’ share price was also up 9 percent at NT$12.95. Even though stocks fell during midday trading, both companies’ share prices still rose 4 to 5 percent.


Updated : 2021-03-04 08:22 GMT+08:00